Author Archives: Yves Smith

How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide

How Chinese money is distorting home prices in major cities around the world, and how local authorities are starting to intervene.

Links 6/8/18

The Battle for Money Has Begun

Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.

OCC Covering Up for Wells Fargo Type Abuses at Other Banks

The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.

Worrying About the Deficit Is So 17th Century

Deficit hawks have been wrong for even longer than you thought.

McKinsey’s and CalPERS’ Ignorance and Sleight of Hand on Private Equity

McKinesy and CalPERS appear to be kidding themselves at least as much as the general public on the subject of private equity.

A Hard Look at the Mini-BOT, the Parallel Currency Idea of Italy’s New Ruling Coalition

The mini-BOT has only been sketched out at a high level. How might it work and more important, would it succeed as a parallel currency?

Links 6/6/18

More Brexit Insanity: Corbyn Proposes Dead-on-Arrival, Misbranded “Soft” Brexit; Auto Part Makers to Take Huge Hit; Irish Border Groundhog Daze

Brexit madness is only getting worse….

Italy’s New Prime Minister Conte Says Euro Exit Off the Table, But Mr. Market Pouts About Spending Talk

Italy’s new government makes some opening moves.