Author Archives: Yves Smith

Obamacare “Reform” May Be Going Pear-Shaped in the Senate

Senate Republicans opted for radical secrecy in trying to craft Obamacare reform. They may just be hiding how serious their divisions are.

Yanis Varoufakis: Latest Eurogroup Statement Keeps Greece on the Austerity Rack

The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.

The Fiscal Policy Experience Since the Great Recession

Why fiscal policy measures after the crisis were too weak.

Can Uber Ever Deliver? Part Ten: The Uber Death Watch Begins

Why Uber is toast.

CalPERS to Game Benchmarks Yet Again to Flatter Private Equity, Understate Risk, Boost Staff Bonuses

CalPERS is lying with numbers yet again, this time with its private equity benchmarks.

Links 6/14/17

Wolf Richter: This Toxic Trifecta for Auto Loans is Fueling #Carmageddon

Recent vintage auto loan securitizations are going rancid, and for good reason.

U.S. Women Disproportionately Burdened by Student Debt

The wage gap hits women hard in paying off student debt.

Links 6/13/17

Lee Camp: How to Write Propaganda for the NY Times – As Demonstrated in an Article About Me

Lee Camp dissects a New York Times hatchet job that manages the difficult feat of having almost nothing accurate in it save Camp’s name.

Trump Administration Welshes on “Repeal Dodd Frank” Promise, Does Not Back Key Elements of House Bill; Seeks to Give Banks Lots of Other Goodies

Banks are champing at the bit to get Dodd Frank “reform,” when for many, the changes will actually increase their costs.