Author Archives: Yves Smith

Italy Threatens to Throw Spanner in European Alternative to Russian Gas

Italy threatens to make trouble on another European front.

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We are seeking a new WordPress support pro….any help very much appreciated!

Will Investors Like CalPERS Fall for Private Equity’s Long-Lived Fund Con?

Beware of the private equity “innovation,” the long-lived or “permanent capital” fund. It is virtually guaranteed to short change investors on returns needed to compensate for the longer holding period.

Links 6/23/18

Why Italy’s Crisis Is the Left’s Crisis

Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.

Wilkerson: Don’t Trust Trump, Bolton to Deliver US-North Korea Peace

Colonel Lawrence Wilkerson and Real News Network host Aaron Mate mix it up a bit more than usual on the topic of North Korea.

Why Did Trump Win? Robots Are to Blame

Why robots, and not “bots,” may have been responsible for Trump’s win.

Links 6/22/18

Richard Murphy: New Funding Structure for the Bank of England Suggests That the Treasury Thinks the Proverbial Is Going To Hit the Fan

The Bank of England is being readied to print, as in deficit spend, in the face of a hard or crash out Brexit.

Gaius Publius: Notes on Seymour Hersh’s Book “Reporter”

Seyrmour Hersh’s retrospective demonstrates how much nerve it takes to do reporting, and how few reporters have it.

Links 6/21/18