Employment in Europe and the US: Debunking the Story of EU Weakness and US Strength
Why the EU has done better on job creation than generally recognized, while US employment is exaggerated.
Read more...Author Archives: Yves Smith
Tax Sausage Making Begins, But Will Republicans Be Happy With the Result?
Tax “reform” is going to produce more Republican infighting and a bill that falls short of expectations. Pass the popcorn.
Read more...CalPERS Can’t Even Figure Out How to Count Ballots in Accordance With Its Own Election Regulation, Let Alone Comply With California Law
CalPERS keeps digging its election hole even deeper.
Read more...Yanis Varoufakis: Schäuble Leaves but Schäuble-ism Lives On
Wolfgang Schäuble’s legacy as German finance minister lives on, and not in a good way.
Read more...Silicon Valley Rejects Shareholder Value Theory: Disrupting the IPO
Silicon Valley has an alternative to the IPO…with a 20% haircut compared to Wall Street’s 7%. Should you hang on to your wallet?
Read more...Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Prosecution Futures? Multibillion Dollar Orders in Coinbase Trading Platform
Some mighty strange, and mighty big, orders in a Coinbase trading platform order book…..
Read more...Wall Street and City of London Getting Nervous About Catalonia
Yves here. Neither side appears willing to back down in the battle of wills over the Catalonia independence vote set for this Sunday, October 1. The English language press has described how the Spanish government has declared the election to be illegal and Mariano Rajoy’s government has moved to try to shut it down, for […]
Read more...Links 9/27/17
Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...The Climate Change Land Rush: When Will People Start Leaving Coastal Cities?
Most of the world’s biggest cities are coastal cities. What happens when people start realizing they are threatened?
Read more...Amazon’s Inhuman Customer Service Issues Death Sentence to Local Library Fundraising
Amazon is mean.
Read more...The Fed’s Unwinding
Economists debate the Fed’s plan to shrink its balance sheet.
Read more...EU Immigration – A Gateway Drug
Citizens have become far more sensitive to the perceived and real costs of immigration. Ignore those concerns and risk losing power.
Read more...Gentrification
Gentrification is less of an accident than you might have been led to believe.
Read more...