Author Archives: Yves Smith

Reducing Carbon Emissions Won’t Halt Economic Growth

The big obstacle to reducing carbon emissions isn’t economic costs, but inertia and the impact on powerfully placed special interests.

Wolf Richter: Hamptons Super-Luxury Homes Whacked by Reversing “Wealth Effect”

Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?

Links 3/18/16

Moodys: Public Pension Underfunding to Worsen as Returns Lag

Moodys give an update on the sorry state of public pension funds’ coffers.

Peter Van Buren: Five Questions You Probably Won’t Hear in the Presidential Debates

The presidential debates carefully tip-toe around basic foreign policy and domestic security issues. Time to lift the cone of silence.

Refugees and the Economy: Lessons from History

What can we learn from the Vietnamese, Cuban, Rwandan, and Syrian refugees crises?

Links 3/17/16

Negative Interest Rate Conundrum

Why are central banks and governments opting for their unusual negative interest rate stance?

The Rationale Behind Russia’s Withdrawal From Syria

Russia has already secured important aims in Syria.

GAG, Merrick Garland Edition. (And Krugman Is Just So, So Mystified That So Many Progressives Support Sanders.) –

Yves here. Beverly Mann is angry about Obama’s Supreme Court nominee so you don’t have to be (as much).

Oppose Turkish Persecution of Academics for Peace

Please sign a petition against persecution of academics in Turkey.

Links 3/16/16

Mathew D. Rose: Chancellor Merkel Victrix

Merkel took a big setback in Sunday’s regional elections, but what do they portend?

Why a Serious Oil Rebound Is Not Coming Soon

Why the oil price recovery is still a way away.