Author Archives: Yves Smith

Donald Trump: “My 100-Day Action Plan”

A look at Trump’s major proposals.

Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics

World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.

Links 11/21/16

Economists and Trump: Straight Talk on Trade

Economists maintained a party line of never letting a bad word be said about more open trade even though they knew it would produce losers.

Italy’s Bank Rescues Founder, With Small Savers and Prime Minister Renzi as Casualties

Italian banks may start bail-ins at the worst possible time for Matteo Renzi and his constitutional reforms.

In Upset, François Fillon Beats Sarkozy, Leads Conservative Party Runoff Vote for French President

Fillion’s surprise win shows again how pundits and pollsters failed to read the mood of voters.

Links 11/20/16

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