Author Archives: Yves Smith

Will China Be the Enforcer of the Paris Climate Agreement?

Yves here. While China has made impressive strides in technologies that reduce carbon emissions, I have trouble squaring that with their plans to build more coal-fired electricity generating plants. By Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism. Follow […]

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The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy

How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?

Call this an exercise in twisted logic, plain and simple.

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