Author Archives: Yves Smith
Prospects for Further Meaningful Wage Growth Are Dimming
Why the outlook for wage growth isn’t as sunny as the business press would have you believe.
Read more...“Inflation’s Comeback”
Some at-times unintentionally revealing Serious Economist discussions of inflation risk.
Read more...Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero
As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.
Read more...Germany-IMF Staredown on Greece: The Election Calculus
How upcoming European elections could play into the Greek debt negotiations.
Read more...Book Review: The Econocracy
The new book Econocracy describes how economics has become a narrow ideology with far too much power and what can be done about it
Read more...Links 2/12/17
By 2045, Some East Coast Cities Could Flood 3 Times a Week
Global warming related floods are coming to cities near you sooner than you might think.
Read more...Brexit Big Lie: UK Could Have Reduced EU Immigration by 82% Under EU Rules
Contrary to Tory and pro-Brexit propaganda, the UK has plenty of power under EU rules to reduce immigration.
Read more...Links 2/11/17
“In Case You Thought Trump Was Imploding….”
A cool-headed look at some Trump indicators.
Read more...Los Angeles Times Calls Out CalPERS Board for “Trying to Muzzle” the One Director Who “Asks Tough Questions”
The Los Angeles Times weighs in on a story we broke. It sharply criticizes CalPERS trustees for trying to gag their most effective member.
Read more...Mark Blyth on How Liberalism Undermined Democracy and the Failure of the Democratic Party
Mark Blyth gives another astute, sobering reading of US and international politics.
Read more...Chinese Mortgages Tighten Fast
Chinese mortgages, which have been the driver of credit growth, are now hard to get. Is this just a short-term tightening?
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