Author Archives: Yves Smith

Links 7/24/18

America’s Subprime Economy

This so-called expansion is more and more brought to you by subprime borrowings.

Why Is CalSTRS Continuing to Out-Perform CalPERS?

Not surprisingly, CalPERS’ performance leaves much to be desired.

(Mis)Adventures in Portland and a Visit to Occupy ICE

My visit last week to Portland was more exciting, in the good and bad sense, than I expected it to be.

John Feffer: Trump Doctrine as Kamikaze Antiglobalism

Is extreme antiglobalism the doctrine that undergirds many of Trump’s actions?

Trump Tariffs Hit Largest US Aluminum Company, ALCOA

Tariffs misfire yet again.

Economy of Intangibles

Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?

Marshall Auerback: Trump’s Trade War with China Will Cause an Economic Catastrophe — Here’s a Better Solution

How to impose trade rules that will bring jobs back to the US in a much more surgical manner than a costly and potentially self-defeating trade wars.

Can Globalization Be Reversed?

Will the Trump tariffs lead to a rollback of globalization? And if so, what might it look like?

Marshall Auerback: How Plan to Replace LIBOR Will Cement Fed’s Role as Global Central Banker

How proposals to replace LIBOR will strengthen the Fed’s position in global markets.

Meetup Reminders! Portland with Gaius Publius on Wednesday July 18, Seattle July 19

The meetup clock is counting down! Hope to see you soon!

EU Elite on the (Far) Right Side of History

Why the design of the Eurozone has produced right wing policies.

Reproducibility Crisis Reaches All Randomised Controlled Trials

Social and medical sciences depend on randomised controlled trials, even though they harbor more assumptions and biases than commonly understood.