Author Archives: Yves Smith
G-7 Throws Greece Under the Bus
Some observers thought that Greece might get a break in the G-7 summit this weekend. While the G-7 has one more day to run, the statements coming out of the summit strongly and uniformly back the creditor position.
Read more...People and Power – The Technology Threat
Technology advances have hollowed out middle-skill jobs, often forcing those workers into less-well-paid work. That trend is set to intensify.
Read more...Links 6/7/15
On Activism and Citizens’ Democracy
Sam Daley-Harris explains why he thinks grass roots activism can succeed even in a post Citizens United world. He has over 40 years of training activists, and perhaps more important, of helping them set up structures to enable them to be effective.
Read more...Syriza Commits to Deep Austerity in Its Proposal to Creditors
Greece has already offered to continue with a program of significant austerity. No wonder the creditors are close to agreeing to that part of the government’s proposal.
Read more...Gaius Publius: Fast Track Will Also Apply to TISA
Fast Track is not just a path to TPP … it’s evil all on its own. There’s now another leaked “trade” deal, called TISA, and Fast Track will “fast-track” that one too. Want your municipal water service privatized? How about your government postal service? Read on
Read more...Links 6/6/15
Ilargi: QE Breeds Instability
Why both Keynes and Minsky regarded low interest rates as poor policy.
Read more...John Helmer: Chatham House Rule — Propaganda is What Comes Out of Other People’s Mouths, and Pockets
The West is apparently worried about a propaganda gap with Russia, and the solution is truth-telling, provided by Chatham House for a price.
Read more...Wolf Richter: Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates
Investors act as if they have a right to liquidity. The authorities are trying to get them used to the new normal of higher spreads and risks.
Read more...Links 6/5/15
Tsipras Fighting Two Front War as Revolt Within Syriza Intensifies, Forcing IMF Payment Delay, Cancellation of Negotiating Session
As Tsipras’ options narrow thanks to the revolt in his party, it is also becoming harder for even Merkel to forestall a default.
Read more...Gaius Publius: Nancy Pelosi Is Whipping “Almost Daily” for TPP
Why Nancy Pelosi is the White House’s secret weapon for the pending Fast Track bill.
Read more...Even Affluent American Strongly Support Higher Taxes on the Rich
As they have for decades, Americans poll in favor of higher taxes on top earners.
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