US banks are still sitting on losses, with Fed relief nowhere in sight.
Recent Items
Tuesday, July 1, 2025
Status of Banks’ Unrealized Losses in Q1: Worsened After Brief Rate-Cut-Mania Relief
Topics: Banking industry, Credit markets, Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Regulations and regulators
Posted by Yves Smith at 1:59 am | 7 Comments »
2:00PM Water Cooler 5/29/2024
~ Today’s Water Cooler: Politics, syndemics; jury deliberations begin in Judge Merchan’s court, Covid immune dysregulation, the worst jobs at Disney, the world’s oldest living being ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 46 Comments »
Private Equity Seeks to Foist Companies It Can’t Sell on Employees
Oh noes! Private equity is finding it hard to find buyers for all those deals it bought when interest rates were low!
Topics: Federal Reserve, Investment management, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 10:44 am | 18 Comments »
Links 5/29/2024
Topics: Links
Posted by Yves Smith at 6:59 am | 130 Comments »
The West Foments Chaos in the Caucasus
Armenia’s pivot to the West unravels. Regime change efforts in Georgia. Türkiye looks to criminalize working for “foreign interests.”
Topics: Guest Post
Posted by Conor Gallagher at 6:00 am | 26 Comments »
The Popski Syndrome – Allied Defeat Turns into Ukraine Battlefield Fantasies
Ukraine, with certain Western help, has engaged in even more provocative stunts as some NATO leaders threaten escalation.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 5:13 am | 38 Comments »
Repress U., Class of 2024: How to Build a Homeland Security Campus in Seven More Steps
The apparatus behind the explosion of police crackdowns against campus anti-Gaza-genocide protests has been very long in the making.
Topics: Guest Post, Media watch, Middle East, New McCarthyism, Politics, Social policy, Social values, Surveillance state
Posted by Yves Smith at 12:38 am | 25 Comments »
2:00PM Water Cooler 5/28/2024
~ Today’s Water Cooler: Politics, syndemics, Google’s internal search documentation leaked (!), closing arguments begin in the Bragg/Merchan trial, bookcases as a superb user interface ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 69 Comments »
“It’s Not Just Ideology: Why the U.S. Is Hard-Wired to Be Hostile to Autocratic Regimes”
An, erm, novel exercise to present Americans as always on board with good-thinking values like opposing autocratic players.
Topics: Curiousities, Guest Post, Politics, Social values
Posted by Yves Smith at 9:55 am | 65 Comments »
Links 5/28/2024
Topics: Links
Posted by Yves Smith at 6:55 am | 159 Comments »
Are European Politicians Beginning to Worry About Their Own Possible Complicity in Israel’s War Crimes?
“If you are encouraging a party to undertake a war crime you become complicit in that crime itself.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 26 Comments »
IM Doc on the Accelerating Decline in American Medicine
On the rot in US medicine….and as you might expect, it started from the head.
Topics: Corporate governance, Guest Post, Health care, Politics, Regulations and regulators
Posted by Yves Smith at 5:55 am | 107 Comments »
Lost in the Green Transition: Which Workers Win and Lose
Most green energy boosters skip over which workers will win and lose. This post addresses that oversight.
Topics: Economic fundamentals, Energy markets, Environment, Global warming, Guest Post, Income disparity, Politics, Social policy
Posted by Yves Smith at 5:40 am | 7 Comments »
How One Advice Columnist Handled Our Covid Pandemic, Over Four Years
Carolyn Hax tries to sweep back the tide with a broom.
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 4:25 pm | 22 Comments »
Links 5/27/2024
Topics: Links
Posted by Conor Gallagher at 6:55 am | 214 Comments »