Author Archives: Yves Smith

Links 8/10/2024

‘Corporate Greed Is Out of Control’: Warren Slams Kroger’s AI Pricing Scheme

If you have shopped at Kroger, please consider boycotting them over them over their surge pricing grifting plans.

US Deploys Pathetic Wizard of Oz Messaging Strategy to Pretend It Can Influence Iran Conflict Trajectory

The US is bizarrely pretending it has influence over the coming Iran and Axis of Resistance response to Israel escalation.

The Irrationality of Markets

More evidence that the current level of advanced economy secondary market trading is bad for economic health.

Department of Pre-Crime, TSA Edition

The TSA is now harassing mere pretty mild political dissenters via intrusive bag checks and deploying heavy-duty surveillance teams

Satyajit Das: The Middle East’s A Dance of Death – Part 3: Spillover

Why the prospects for containing, much the less resolving, the escalating Middle East conflict, are poor.

World-Ending Maneuvers? Inside the Nuclear-Weapons Lobby Today

Even if the looming Israel-Iran conflict does not produce a regional war or worse, the ICBM lobby poses another huge risk to collective safety

Links 8/7/2024

Electric Vehicle Revolution Stalls, Leaving Metal Markets in Limbo

Another sober take on near and perhaps intermediate-term electric vehicle prospects.

Satyajit Das: The Middle East’s Dance of Death – Part 2: Fallout

Satyajit Das, continuing his series on the contemporary Middle East, focuses on the Al Aqsa Flood attack and Israel’s response.

“How Does OpenAI Survive?”

Ed Zitron explains in gory detail why OpenAI looks like the mother of all bezzles.

Links 8/6/2024

Despite the Recession-Emergency-Rate-Cut Buffoonery, the Services Sector Expands Strongly on Growth in New Orders & Employment. Inflation Pressures Still On

Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled