Author Archives: Yves Smith

A US Economic Boom in 2018?

Not that it comes as a surprise, but talk of the US economy being in a boom is hype.

Reminder: NYC Meeting on Friday, January 12

This Friday will be a balmy day, so we hope you’ll come out from hibernation and join NYC readers for some lively conversation at our meetup tomorrow. Michael Hudson has also said he’ll join us along with other local luminaries. So if you will be in the New York metro area, be sure drop by […]

Reclaiming the Tax: Foregrounding the Public Covenant

Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.

Links 1/10/18

ECB Spawned Financial Dependency That’s Now Very Hard to Undo

The ECB is very eager to withdraw extraordinary support. But among others, a lot of weak banks are hooked on it.

International Trade and Globalization: Are Benefits Truly Mutual?

Questioning economic orthodoxies on trade.

Link 1/9/18

CalPERS Launches Illegal, Corrupt, Unjustified and Beneficiary-Damaging Private Equity “Strategic Partner” Search Obviously Designed to Favor BlackRock

CalPERS looks to be handing the private equity keys to BlackRock in a breathtakingly crooked process.

Gaius Publius: The Story of 2017 (Part 2)

Why the ordinary-ness of 2017 is in some ways as important as its unusual moments.

China Fails to Woo U.S. With Financial Sector Opening

Why is the US cool about concessions from China that the US has long sought?

Meltdown and Spectre: Intel’s Seismic IT Disaster and A Look at Some Implication for Banks

A first look at the epic IT disaster of the Meltdown and Spectre “flaws”.