NC Classic: The Tinkerbell Market
A classic from our market commentary in the runup to the financial crisis.
Read more...Author Archives: Yves Smith
Data Scientist Cathy O’Neil: “Algorithms Are Opinions Embedded in Code”
On the real and present dangers of rule by algorithm, or as Lambert has called it, “code as law”.
Read more...Why You Should Be Very Skeptical of Google’s and ProPublica’s “Hate Crimes” Initiative
Google and ProPublica launch a new “hate crimes’ tracker that isn’t, and may never be, ready for prime time.
Read more...Links 8/25/17
More Duelling Court Filings in Uber’s Kalanick v. Benchmark Death Match
An update on the pitched battle at Uber between the Kalanick and Benchmark factions.
Read more...If You’ve Never Lived in Poverty, Don’t Tell Poor People What They Should Do
Why being poor is expensive.
Read more...How Alfred McCoy Stalked the CIA From Its Heroin Trail to the Surveillance State
Alfred McCoy’s soon-to-be-released book on the CIA is already rocking boats. This post adapted from it shows why.
Read more...“How to Run a Cheap Foreign Labor Economic Model”
An illustration of how the debate on globalization too often, mistakenly, fixates on labor costs as a driver of “competitiveness”.
Read more...UK Trying to Renegotiate Shape of the Brexit Table, Which Will Effectively Shut Down Talks
The UK is managing to make its bad Brexit situation worse.
Read more...Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...Mutual Funds Cut Uber Valuation by as Much as 15%
It’s getting harder to put lipstick on the Uber pig.
Read more...Links 8/22/17
Google’s Censorship, Plans to Restrict Publisher Advertising Raises Antitrust Issues
More on how Google plans to tighten its chokehold on the Internet.
Read more...The Latest Red Flag For U.S. Shale
More bad news for the shale gas industry.
Read more...The Ludicrous Prepper Plans of the Super Rich
A perverse bit of good news: the super rich aren’t planning their survival moves any better than they are executing their leadership roles.
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