The Disaster of Greek Austerity
Data and on the ground reports on the high cost of Greek austerity.
Read more...Author Archives: Yves Smith
10 Economic Facts that Power the Sanders Insurgency
Why are so many drawn to the Sanders message? It’s because so many of us want to stop our entire society from crumbling beneath the destructive power of runaway inequality.
Read more...Flash Meetup in San Francisco This Sunday, November 15
Announcing a meetup for this upcoming Sunday!
Read more...Links 11/12/15
How Ireland Became an Offshore Financial Center
Offshore financial centres are a political and economic phenomenon that goes far beyond secrecy, and Ireland makes a remarkable case study.
Read more...Support Elizabeth Warren, and Other Senators in IRS Crack Down on Private Equity Tax Abuse
Please provide your comment on regulatory guidance, um, crackdown, proposed by the IRS on a private equity tax abuse, management fee waivers.
Read more...Gaius Publius: Can Miami Beach Survive Global Warming?
Miami Beach as a canary in the coal mine for global warming.
Read more...Matthew Cunningham-Cook: TPP – A Recipe for Financial Market Contagion
How the TPP would make financial firms that are “TIBACO” – that is, too interconnected, big, and complex to oversee – even more dangerous.
Read more...How Pursuing “Competitiveness” Crushes Labor and Lowers Growth
Why pursuing national “competitiveness,” as in squeezing labor pay and rights, does not produce the promised benefit of more growth.
Read more...Links 11/10/15
Wolf Richter: Fed Trips over Eye-Popping Commercial Real Estate Bubble, Accidentally Looks, Sees “Early Signs” of “Search for Yield”
Commercial real estate has been on a tear that looks to have much more to do with cheap money than real economy prospects.
Read more...John Helmer: Australian and Dutch Officials Lose Control on MH17
Now government officials and police are disagreeing with each other…
Read more...Gulf States to be Hoist Early on Climate Change Petard
The Gulf states will be among the first to suffer severe repercussions from climate change. The problem is the rest of us will not be all that far behind in line.
Read more...For Profit College, Student Loan Default, and the Economic Impact of Student Loans
A deep dive into some new information about the student loan defaults and the impact of borrowing on borrowers. Short version: not pretty.
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