Why Economic Recovery Requires Rethinking Capitalism
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
Read more...Author Archives: Yves Smith
The Retreat of Financial Globalization?
Financial globalization, meaning high levels of funds movement across borders, has fallen, and that’s a good thing.
Read more...USS Trump Pivots to Asia
Trump Secretary of State contender Rudy Giuliani makes belligerent noises towards China and wants the US to bulk up its navy.
Read more...Links 11/15/16
It’s Class, Stupid, Not Race
How the Democratic Party’s divisive focus on identity politics and race backfired.
Read more...CalPERS Considers Cutting Out Private Equity Firms, Making Direct Investments in Companies
CalPERS is considering a bold move, that of bringing private equity in house to reduce egregious fees and improve net returns.
Read more...Wall Or No Wall: Trump Needs The Mexican Oil Industry
If Trump follows through with his promise of having the US exit Nafta, it means imposing tariffs on Mexican oil, which the US needs.
Read more...Philip Pilkington: Why the Pollsters Totally Failed to Call a Trump Victory, Why I (Sort Of) Succeeded – and Why You Should Listen to Neither of Us
So why did the US pollsters get the presidential election so wrong?
Read more...Links 11/12/16
Mark Blyth and Wendy Schiller – Election 2016: What Happened and Why?
Mark Blyth gives yet another colorful, incisive, and spot on reading of politics, this time of the US election and the political outlook.
Read more...France Plans to Implement Universal Biometric IDs
France seeks to implement a variant of a biometric ID database that was nixed by its courts. Will this succeed and set a dangerous precedent?
Read more...Public Support for the Euro
Why a Brexit, even if it moves forward, seems unlikely to lead to a Eurozone breakup.
Read more...Links 11/11/16
Trump To Clear Way For Oil Pipelines
A Trump presidency is a big setback to environmentalists, particularly opponents of the Dakota Access and Keystone XL pipelines.
Read more...Wolf Richter: What the Heck’s Going on with Foreclosures? Why this Spike?
Yves here. While the recent trend in foreclosures looks alarming, it appears that servicers are making a push to clear out what they regard as old inventory, even though it appears to be include defaults that started after the crisis. One has to note cynically that they waited to the tail end of the Obama administration […]
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