Author Archives: Yves Smith
Resilience is The New Black
Why sustainability has failed and “resilience” is replacing it.
Read more...Home (and Solvency) Bias at the Fed
A recap of the marquee talk at the “Finance and Society” conference in Washington last week, between Janet Yellen and Christine Lagarde.
Read more...Latest Award of Frederic Mishkin Iceland Prize for Intellectual Integrity: Former CBO Director Holtz-Eakin’s Garbage-In, Garbage Out Attack on Dodd Frank
As readers know all too well, there is so much obviously half-baked economic research that this site could turn itself over to shredding examples and only scratch the surface. But we have established the Frederick Mishkin Iceland Prize for Intellectual Integrity to highlight outstanding examples of economic shillery in which the attempt at analysis is obviously cooked so as to produce a pre-determined outcome.
Read more...Links 5/8/15
Greece Says It Will Make IMF Payment Next Week As Stalemate Continues
Greece may succeed in avoiding a default next week, but it remains at loggerheads with its creditors.
Read more...Nomi Prins: The Clintons and Their Banker Friends
A good overview of the Clintons’ deep ties to Wall Street kingmaker Robert Rubin and other members of the Goldman mafia.
Read more...Former Greenspan Fan Paul Krugman Now Calls Greenspan “Worst Fed Chairman Ever”
Why does Paul Krugman find it so difficult to admit to past error?
Read more...TPP: The “Fascism” Issue
Will the TPP, as some critics have charged, pave the way to fascism?
Read more...The Persecution and Assassination of the People of Greece as Performed by the Inmates of the Troika, Under the Direction of the Eurogroup
A new paper shreds the myths that justified the misguided application of austerity and wage-rate reduction policies in Greece and the Eurozone.
Read more...After Shocking Fundraising Totals, Bernie Sanders Defends European-Style Socialism
Bernie Sanders’s presidential bid is already creating more of a stir than expected. He is not just running against Clinton. He’s targeting an entire system.
Read more...Links 5/4/15
Syriza Emulates Nixon Going to China in a Bad Way
It’s painful to watch the Greek ruling coalition unwittingly do the creditors’ work by wringing Greece dry of cash more aggressively than Pasok or New Democracy would have dared to.
Read more...Private Equity Standard-Setter Confirms That Investors Have No Idea What Firms Charge Them
Investors keep their heads deeply in the sand as far as the true cost of investing in private equity is concerned.
Read more...Ilargi: Sucking Spoilt Milk From A Bloated Dead Sow
Ilargi describes why the US is not a democracy, it is not the supreme leader of the world, and the American economy is not in recovery.
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