The firehose of affluent consumption continues to drive inflation, not the stimulus package
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Saturday, September 13, 2025
How the Wall Street Journal Blew the Story of the Democrats and Inflation
Topics: Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Macroeconomic policy, Politics, The destruction of the middle class
Posted by Yves Smith at 6:53 am | 47 Comments »
Requiem for an Empire
While historian Alfred McCoy made an early and accurate call on the erosion of the US empire, his current readings are a mixed bag.
Topics: China, Globalization, Guest Post, Income disparity, Politics, Russia, Social values, The destruction of the middle class
Posted by Yves Smith at 6:50 am | 62 Comments »
2:00PM Water Cooler 11/19/2024
~ Today’s Water Cooler: Open Thread ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 85 Comments »
Long-Running Kentucky Retirement Systems Case Surmounts Yet Another Procedural Spanner, Moves Closer to Discovery After Seven Years
The long-running Kentucky Retirement Systems case is clearing the remaining obstacles to getting to discovery.
Topics: Hedge funds, Investment management, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 9:57 am | 7 Comments »
Links 11/19/2024
Topics: Links
Posted by Yves Smith at 6:55 am | 234 Comments »
Eight Reasons Why Marco Rubio Would Be a Disastrous Secretary of State
With Trump nominations like Matt Gaetz, RFK, Jr. and Tulsi Gabbard attracting lots of ire, Mario Rubio is being treated as sound. That’s a mistake.
Topics: Banana republic, Dubious statistics, Globalization, Guest Post, Middle East, Politics
Posted by Yves Smith at 6:55 am | 30 Comments »
Will Online Age Verification Be the Trojan Horse for the Mass Rollout of Digital IDs?
Online age verification threatens to trap everyone, not just minors, in its web, as the Australian government recently admitted.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 27 Comments »
Forget Snowbirds. These Sunbirds Are Flocking North
Hotter days and higher flood risk are prompting people across the South to consider moving north.
Topics: Economic fundamentals, Environment, Global warming, Guest Post, Real estate
Posted by Yves Smith at 5:55 am | 36 Comments »
2:00PM Water Cooler 11/18/2024
~ Today’s Water Cooler: Politics, syndemics; About those camps… ; Blame Cannons: Biden staffers, Axelrove, Fetterman unload; Boeing’s management challenges., layoffs ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 85 Comments »
Social Security Tackles Overpayment ‘Injustices,’ but Problems Remain
Moving away from withholding 100% of people’s monthly Social Security benefits to recover alleged overpayments has been a major improvement.
Topics: Health care, Politics
Posted by Lambert Strether at 11:54 am | 4 Comments »
Links 11/18/2024
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 117 Comments »
As Biden Uses Long-Range Strikes into Russia to Create Problems for Trump, What Else Might Happen With Ukraine When Trump Takes Over?
Biden and the EU are trying to throw spanners in Trump’s desire to end the war with Ukraine. What if anything has changed?
Topics: Doomsday scenarios, Europe, Politics, Russia
Posted by Yves Smith at 6:55 am | 150 Comments »
Paris and Washington Go Scorched Earth in the Sahel
What does it say about AFRICOM’s counterterrorism mission when nationalized mines increasingly come under attack and the US proxy state of Ukraine is training terrorists the US is supposed to be fighting?
Topics: Africa, China, Commodities, Europe, Guest Post, Russia
Posted by Conor Gallagher at 6:00 am | 14 Comments »
Trump’s Energy Sanctions Are a Double-Edged Sword for Global Economy
Trump plans tougher sanctions on Iran’s and Venezuela’s oil exports, and secondary sanctions on China. How might that work?
Topics: China, Economic fundamentals, Energy markets, Free markets and their discontents, Globalization, Politics
Posted by Yves Smith at 5:03 am | 8 Comments »
Book Review: “Caps Lock” (Capitalism and Graphic Design)
Design serves capitalism by devising abstract forms.
Topics: Commodities, Guest Post
Posted by Lambert Strether at 4:25 pm | 21 Comments »