Understanding the Global Role of the US Economy
Investigating the spillover channels linking the US and the global economy.
Read more...Author Archives: Yves Smith
EU Dings Yet Another Brexit Fantasy: “Equivalence” Deal for the City
Yet another scheme, equivalence, by which the City hope to have its Brexit cake and eat it too, looks to be a non-starter.
Read more...Links 2/26/17
Wolf Richter: How Much Money Laundering is Going On in the Housing Market? A Lot
Treasury is starting to get serious about money laundering in high end residential real estate.
Read more...Democratic Party Orthodoxy in Action: “Hit With Some Serious Clinton Blame Cannons”
An example of Democratic Party pathology.
Read more...Tom Perez Elected Head of DNC
The Democrats double down on failure.
Read more...Links 2/25/17
TaxCast: Financial Transaction Taxes, Trump Hearts Kleptocrats
The current Taxcast tours financial transaction taxes, the Swiss referendum, and dark money.
Read more...Iraq: “Is It Oil?”
Why the Iraq oil problem was not so much access, as in meeting U.S. oil needs, but that U.S. firms had been frozen out of Iraq.
Read more...2:00 PM Water Cooler 2/24/17
Chicago Meetup Friday March 24!
Announcing our first Chicago meetup!
Read more...Can Europe Be Saved from Populism?
Two economists offer recommendations on how to defend Europe from an upsurge of populism. Unfortunately, their ideas give cause for pause.
Read more...An Economy of Meaning – or Bust
Can one really create “an economy of meaning”?
Read more...Lancet Study on Life Expectancy by 2030 Confirms Poor US Performance
A new Lancet study on life expectancy for 35 countries puts up big red flags for US performance.
Read more...Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem
Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.
Read more...