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Read more...Author Archives: Yves Smith
The International Use of the Euro: What Can We Learn From Past Examples of Currency Internationalisation?
European leaders have regularly expressed a desire for a European currency to serve as a reserve currency. The history of the transition from sterling to dollar and Europe’s aspirations sheds light on whether the Euro can assume this role.
Read more...Links 10/17/18
Naked Capitalism: Keeping the Magic Alive
Why Naked Capitalism needs you.
Read more...How $14 Billion Private Equity Firm Abraaj Went Bust
The remarkable tale of the biggest private equity fund insolvency evah, Abraaj.
Read more...Richard Murphy: Who Really Pays the Tax on Rents?
Clearing up a widespread misperception about tax.
Read more...Trump Bails On Coal Industry Incentives
Trump is abandoning coal industry subsidies after running into a buzz saw of opposition.
Read more...Announcing the 2018 Double Your Donations Challenge!
Take up this chance to double your donations!
Read more...Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...Why CalPERS Matters
Why CalPERS’ fall from being a sophisticated player and force for reform is an important lesson.
Read more...Brexit: Things Are Always Darkest Before They Go Completely Black
Don’t kid yourself that the current relative calm on the Brexit front is a good thing.
Read more...New Study Highlights Collapse of Insect Populations
Very sobering news on the insect front. Species die-off is progressing faster than you probably thought.
Read more...Gaius Publius: IPCC Releases Climate Report — First Thoughts
The latest IPCC report says we are cooking our collective goose, and hardly anyone seems to react.
Read more...Thanks! Hit Our Third Fundraiser Target Quickly, Onto the Fourth: Guest Bloggers
Our fundraiser is moving along well, but we still need more help. Please dig deep to support our writers!
Read more...Michael Hudson: Naked Capitalism – The Best Daily Paper
Naked Capitalism is the best news source….for independent thinkers.
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