Author Archives: Yves Smith
“Stunning” Rise in Death Rate, Pain Levels for Middle-Aged, Less Educated Whites
An HIV-level silent epidemic has hit less-educated, middle aged whites, with death rates rising, contrary to patterns in the rest of the world and in other US populations.
Read more...John Helmer: As Merkel and the EU Look Wobbly and Obama’s Syrian Misadventure Misfires, Will Putin Be the Last Man Standing?
How has Putin managed to survive, and even arguably prosper from, a US/EU assault on his leadership?
Read more...Who Benefits From Sovereign Debt Crises?
Even though the struggle over Greece’s bailout has receded from the news, with many countries carrying large debt burdens, the need to restructure sovereign debts is not going away. This Real News Network segment gives an overview of the state of play.
Read more...Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...Don Quijones: US Threatens UK over Brexit Vote
The spectacle of the US attempting to influence UK domestic politics through having the US Trade Representative Michael Froman issue a threat is pathetic, overreaching, and unconvincing.
Read more...Links 10/31/15
Why Friendship Isn’t What It Used to Be
Why are adult friendships in retreat?
Read more...Hillary Clinton Indicates She is Open to Raising the Retirement Age
Hillary Clinton again reveals her inner neoliberal in suggesting that raising the retirement age might not be a bad idea.
Read more...Is the Billionaire-Creating Carried Interest Loophole an Endangered Species?
An internationally recognized tax expert told me a few months ago that the widely-mislabeled “carried interest” loophole was on its deathbed. A new PBS video lends some support to this bold call.
Read more...Links 10/30/15
A Dispatch from Germany: The Rhetoric of Competition in Everyday Life and Varoufakis’s Endless Relitigation of the Bailout:
By Nathan Tankus, a writer from New York City. Follow him on twitter at @NathanTankus Wednesday I attended a debate between Yanis Varoufakis and Hans Werner Sinn. I will not summarize the debate (I’m told the video will be up next week), but instead give my reading of the debate and wider impressions of attitudes […]
Read more...How Repo Works
A primer on repo, which due to its critical role in funding major dealer banks, is an important component of bank reform efforts.
Read more...Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Why is Helane Morrison, General Counsel for Hall Capital, Fund Manager for the Super-Rich, Attacking SEC Investor Protection?
Earlier this month, we excerpted a section of a panel discussion from an SEC securities enforcement conference. It showed the degree to which former senior SEC officials who’ve gone into private practice openly ridicule the idea that the SEC should do its job, for instance, by deriding enforcement as “gotcha”. Today, we’ll look at the […]
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