Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
Read more...Author Archives: Yves Smith
Holiday Schedule
We are taking a sort of holiday, um, staycation, um breather. Hope you get to take a break too!
Read more...EU Calls Trump’s Bluff on Auto Tariffs as Trump Tries Dead on Arrival WTO Exit Plan
The EU is neither happy with nor cowed by Trump’s latest trade threat.
Read more...Women (and Men) of the World, Unite! How to Stand Up to Extremist Orthodox Jews Who Demand You Give Up Your Airline Seat
In the last week, there have been two incidents of women relenting to pressure from airlines to give up their seats to accommodate Orthodox Jewish bigots who refused to be seated next to them. This should be as unacceptable as Klansmen asking blacks to change seats. And let us stress that the ugliest feature of […]
Read more...Links 6/30/18
China’s Strategic Investments in Europe: The Case of Maritime Ports
The EU is rethinking its policies on foreign direct investment. Recent Chinese investment into ports may impact the final rules.
Read more...The Evisceration of Storytelling
Is storytelling really a magical elixir for social change?
Read more...Firms’ Global Market Power and Its Implications, Such as Lower Income Share to Workers
An attempt to look at the effects of the existence of international companies with market powers shows there are reasons to be concerned.
Read more...Bank, Corporate Brexodus Begins as “No-Deal” Brexit Looms
Awfully late in the game, various players are facing up to the fact that Brexit may really happen, and it could well be the ugliest version.
Read more...Naked Capitalism Readers Issue Scam Alert For Amazon’s “Become Our Freight Shipper” Scheme
Amazon isn’t satisfied with creating modern day sweatshops via its warehouses. It wants to suck the capital and labor of the not-so-savvy entrepreneur wannabes into its maw.
Read more...Reconfirming July Meetups: Next Fri, July 6, in Chicago; Sun July 8 in Green Bay; Sat July 14 SF; Wed July 18 Portland, Thurs July 19 Seattle
Making sure all interested NC readers have our coming meetups in your calendar if you happen to be near enough by to join in! All meetups are 5:00 to 8:00 PM, although they often go longer, save for Sunday in Green Bay, which will be a brunch (locals please advise if you want to start […]
Read more...Wolf Richter: Beyond the Hysteria About Auto Tariffmageddon
After decades of relentless offshoring, the equation may change for auto and component makers.
Read more...Links 6/28/18
New York Times: Virtuous McKinsey Defiled by Dark Continent
McKinsey is unhappy that the New York Times did a serious investigative story on a major scandal in South Africa….when the Times pulled some of its punches.
Read more...Richard Murphy: The Debate on the Proper Role of the Bank of England, Continued
A discussion about the Bank of England raises questions about the role of central banks generally.
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