Wilkerson: “We’re Staying in Afghanistan for the Next 50 Years”
A discussion of US rationalizations for committing more troops to Afghanistan with no endgame in sight.
Read more...Author Archives: Yves Smith
CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (Updated)
CalPERS and its board seem incapable of understanding that when you are in a hole, you need to stop digging.
Read more...War, Morality, and How to Get There From Here
More discussion of how the left can become a political force and how best to pursue anti-war objectives.
Read more...Links 5/3/17
UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Wolf Richter: #Carmageddon Not Yet, But Hot Air Hisses out of Auto Bubble
Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
Read more...Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...How Norway Shows the Limits of “Civilized Capitalism” and Social Organization
Debunking some well-meaning thinking on the “global village” and socially responsible investing.
Read more...Links 5/2/17
British Press Hissy Fit Over Predictable EU Move to Relocate Euro-Clearing to the Continent
The UK press reacts with unwarranted indignation to an EU move that was sure to happen.
Read more...Canadian Bank Run Contagion Begins?
A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret
CalPERS doubles down on a bogus scheme to neuter its one effective board member reneging on its promise to have a public hearing of charges.
Read more...The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections
How the Kirchner program in Argentina ran into the buzz saw of currency markets.
Read more...Globalization and the End of the Labor Aristocracy, Part 3
On the current structure of globalization and its implications for the distribution of income within and between countries.
Read more...They Go Together: Freedom, Prosperity, and Big Government
Conventional wisdom about big government being a negative “freedom” isn’t borne out data.
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