Author Archives: Yves Smith
Some Real Costs of the Trans-Pacific Partnership: Nearly Half a Million Jobs Lost in the US Alone
The Trans-Pacific Partnership will lead to job losses overall, with the US taking the biggest hit.
Read more...Was Clintonomics Good for Working People?
Why Clintonomics does not live up to its PR.
Read more...John Helmer: FireEye – A Case Study in How the Financial Times Weaponizes Its Middle East Reporting
Why is the Financial Times running security threat claims from FireEye, an information technology company, that FireEye can’t substantiate?
Read more...James Galbraith: The Friedman v. Romers Growth Debate on the Sanders Plan – A Summing Up
How the real point of contention between Friedman and the Romers over the Sanders plan has been misconstrued.
Read more...Merkel Channels Varoufakis: “No Plan B,” in This Case, on Migrants
Is Angela Merkel’s “Plan B” remark a Freudian slip, a recognition that like Varoufakis, she’s alienated so many people that she can no longer cinch a deal?
Read more...Links 2/28/16
Donald Trump’s Truly Absurd, Word Salad, Gibberish Health Care Policy
Trump’s health care plan, to the extent it can even be called a plan, makes no sense.
Read more...Offshore Ireland Implicated in Bank Collapse, Once Again
More on how Ireland’s banks walked on the wild side, to the detriment of its citizens.
Read more...The Ogre & the Cog: A Tale of Modern Misallocation
The tale of the ogre and the cog endeavors to explain why modern capitalist machinery isn’t working the way it is supposed to. The open question is whether this is inevitable.
Read more...Links 2/27/16
James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan
James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.
Read more...Negative Rates, Negative Reactions
A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.
Read more...Wolf Richter: Is This the Beginning of the Next Recession?
A sustained contraction in manufacturing historically has been a harbinger of recession. Be warned.
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