Wolf Richter: Worst “Zombie States” in America “Deteriorate Faster, Further”
A ranking of US states for their “zombie” meaning slow-motion fiscal crisis, risk.
Read more...Author Archives: Yves Smith
Michael Hudson: Socrates on Debt and Ibn Khaldun on the Cyclical Rise and Fall of Societies
Socrates described how the use of debt by the elite to strip the lower orders of their property sets up revolutions.
Read more...The Global “New Normal” Is Not New– But It Is Still a Real Concern
Why the “new normal” is a sign that capitalism is running out of options.
Read more...IMF Warns That Inequality, Poverty, Low Productivity Growth, Falling Workforce Participation Will Drag on US Growth
The IMF has become an unlikely reporter of unpleasant realities about the US economy, particularly the costs of inequality and distress. If only its prescriptions were better….
Read more...Sanders Has Leverage But Clinton Will Never Bargain
Clinton can offer nothing meaningful to Sanders and his supporters, and therefore Sanders has no reason to capitulate. Not hard to understand unless you are committed to not understanding that.
Read more...Enforcement of Puerto Rico’s Colonial Debt Pushes Out Young Workers
Yves here. This post corrects some of the misleading accounts of the history of the Puerto Rico’s debt crisis and describes how the neoliberal remedy is producing an Ireland-style exodus of the young. By José A. Laguarta Ramírez. Originally published at Triple Crisis At least 23 of the 49 people killed in the mass shooting […]
Read more...How Financial Crises Produce Political Polarization
Financial crises move the struggles between debtors and creditors into the political sphere.
Read more...Links 6/22/16
Economists are Divided over Brexit
Even those economists that think Brexit is a disastrous idea differ on how severe the downside would be.
Read more...Corruption of FDA Clinical Trials Reports: The Problem and a Proposed Remedy
Big Pharma lies via medical publications, and the FDA shuts its eyes to this ruse in clinical trials. Time to put it to a stop.
Read more...William Astore: Air Supremacy Isn’t What It Used to Be
American air supremacy is touted as key to delivering low cost victories. It’s hasn’t been working out that way for quite a while.
Read more...Questioning Immigration is Not Racism
Immigration programs need to be socially, economically and politically sustainable or they will generate resentment.
Read more...Links 6/21/16
Men Exiting Workforce as Low-Wage Jobs Vanish
Contrary to its intent, a report explaining why labor force participation among prime-age men has fallen reveals how Obama has failed.
Read more...John Helmer: US Strategy for Russia – Wage War but Not Declare It
A catalogue of recent US moves to goad Russia.
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