Author Archives: Yves Smith

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.

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.

Links 2/11/17

“In Case You Thought Trump Was Imploding….”

A cool-headed look at some Trump indicators.

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.

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?

Links 2/10/17

John Helmer: Kremlin Lapels Point to Putin as President for Life

A tutorial on peaked lapels as a political indictor.

Cruz’s Plan to End State Regulation of Health Insurers Would Nationalize Worst Market Practices

Dean Baker discusses why some Republican health care fixes are anything but.

Zero Interest Rates in EU: The Myth of the Poor German Saver

The ordinary German is much less well off than most foreigners would assume.

Why the Dakota Access Pipeline Doesn’t Make Economic Sense

The math on the Dakota Access Pipeline doesn’t add up.

“Hedge Fund Industry Gets Critical Trustee Defeated in Election”

Hedge funds score another win over sound public pension fund governance.