Author Archives: Yves Smith

How MBA Programs Drive Inequality

How MBA programs reinforced the inequality-promoting neoliberal economic model.

Links 7/8/16

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.

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.

Elizabeth Warren Lanches Campaign Against the TPP

Elizabeth Warren takes on a new target and goes against Clinton on the TPP.

Gaius Publius: Could Endorsing Clinton Hurt Down-Ticket Democrats? Polling Says Yes.

Supporting Clinton has a cost. Sometimes there is justice in the world.

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.

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.

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.

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.”

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.

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?