Author Archives: Yves Smith
China Destabilizes Global Economy by Exporting Deflation Through Currency Devaluation
China is behaving badly by trying to maintain growth at the cost of worsening deflation in the rest of the world.
Read more...The UK Vote to Leave European Union
A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.
Read more...Elizabeth Warren Lanches Campaign Against the TPP
Elizabeth Warren takes on a new target and goes against Clinton on the TPP.
Read more...Gaius Publius: Could Endorsing Clinton Hurt Down-Ticket Democrats? Polling Says Yes.
Supporting Clinton has a cost. Sometimes there is justice in the world.
Read more...Links 7/7/16
Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?
Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.
Read more...Brexit Empty Threats: The UK’s Fantasy of Becoming a Big Tax Haven
How a naive idea about the UK becoming a big fat tax haven to stick it to the EU reveals a lot about official and pundit thinking.
Read more...Quelle Surprise! SEC’s “Make the World Safer for Fraudsters” JOBS Act Does Little to Help Companies Raise Money
As we predicted, the JOBS Act is a flop. Here’s why.
Read more...The Sanders Revolution: North Dakota as an Example of the Long Tail of Grass Roots Activism
Incredible as it may seem, North Dakota’s progressive era Nonpartisan League influences state politics to this day.
Read more...Links 7/6/16
Crisis After Brexit: Let Us Put An End to the Old Europe of Denigrators
Europe’s tall order for combatting Brexit: “What is called for is a union so good that people will want more of it.”
Read more...Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program?
On the need for New Deal levels of spending on national priorities and the myths and political grifting that prevent it.
Read more...Wolf Richter: The Big Unravel – US Commercial Bankruptcies Skyrocket
Commercial bankruptcies rose at a much bigger clip in early 2016 than in recent years. How worried should we be?
Read more...New York Times Series on Private Equity Misses the Mark
A New York Times series lets private equity investors off the hook.
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