Author Archives: Yves Smith

Thwarting Trump’s Climate Change Rollback: The Green-State Climate Agreement

State and local measures, such as a green-state pact, could impede the Trump administration’s efforts to unwind climate change initiatives.

Links 11/19/16

Why Economic Recovery Requires Rethinking Capitalism

Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.

The Retreat of Financial Globalization?

Financial globalization, meaning high levels of funds movement across borders, has fallen, and that’s a good thing.

USS Trump Pivots to Asia

Trump Secretary of State contender Rudy Giuliani makes belligerent noises towards China and wants the US to bulk up its navy.

Links 11/15/16

CalPERS Considers Cutting Out Private Equity Firms, Making Direct Investments in Companies

CalPERS is considering a bold move, that of bringing private equity in house to reduce egregious fees and improve net returns.

Wall Or No Wall: Trump Needs The Mexican Oil Industry

If Trump follows through with his promise of having the US exit Nafta, it means imposing tariffs on Mexican oil, which the US needs.

Philip Pilkington: Why the Pollsters Totally Failed to Call a Trump Victory, Why I (Sort Of) Succeeded – and Why You Should Listen to Neither of Us

So why did the US pollsters get the presidential election so wrong?

Links 11/12/16

Mark Blyth and Wendy Schiller – Election 2016: What Happened and Why?

Mark Blyth gives yet another colorful, incisive, and spot on reading of politics, this time of the US election and the political outlook.

France Plans to Implement Universal Biometric IDs

France seeks to implement a variant of a biometric ID database that was nixed by its courts. Will this succeed and set a dangerous precedent?

Public Support for the Euro

Why a Brexit, even if it moves forward, seems unlikely to lead to a Eurozone breakup.