Author Archives: Yves Smith

Scotland Disses Theresa May by Reviving Anti-Inequality Law She Loathes

Another min-joust between the UK and Scotland, this on an innovative anti-inequality stipulation.

Did Germany Just Blink?

Germany just cut Spain and Portugal some budgetary slack. What’s driving this unexpected outbreak of reasonableness?

Italian Bank Failures Could Disintegrate the EU

How bad is the Italian banking mess?

Confirming NYC Meetup This Friday, August 5

Confirming this week’s meetup and providing location and other details.

Links 7/30/16

Video: Guide to Legal Tax Evasion (With #iPhone7Boycott)

A humorous starter guide as to how multinational engage in legal tax evasion, and how to tell Apple to cut it out.

Links 7/29/16

How Executives Can Personally Profit from Bad Corporate Behavior in Health Care

Two Johnson & Johnson executives were prosecuted in a health care case for illegal marketing but their superiors got off scot free.

Wolf Richter: US Homeownership at Lowest Level in Over 50 Years

Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.

Michael Hudson: Obama Said Hillary Will Continue His Legacy – and Indeed She Will!

An update on Hillary’s coronation.

Do “Unconventional” Monetary Policies Work?

A skeptical look at unconventional monetary policies: quantitative easing, ZIRP, and negative interest rates.

Links 7/28/16

EU Gives UK a Brexit Poke in the Eye by Appointing Michel Barnier, Nemesis of the City, as Key Negotiator

European Commission President Jean-Claude Juncker achieved a significant win by appointing Michel Barnier as a lead Brexit negotiator.

Oil Industry About To Be Burned Again By Fall In Oil Prices

Easy access to capital has driven oil prices lower and is likely to do again as E&P’s directly invest in more rigs ahead of demand.