Economists had to play fast and loose with economic theory to deploy their merger “efficiency” arguments.
Recent Items
Monday, June 23, 2025
How Economists Distorted Economic Theory to Help Big Companies Get Bigger
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Legal, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class, The dismal science
Posted by Yves Smith at 10:15 am | 36 Comments »
Links 9/1/2023
Topics: Links
Posted by Conor Gallagher at 6:55 am | 168 Comments »
Spain’s Defence Minister Comes to Defence of EU Chief “Diplomat” Josep Borrell in War of Words With Russia That Borrell Initiated
“When Russia insults the high representative of the European Union, it is insulting all Europeans.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 27 Comments »
“Core Services” Inflation Jumps to 2nd Worst Since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done
Inflation in the US is still defying the Fed, confirming that the blunt instrument of interest rate increases is not the right tool.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Federal Reserve, Guest Post, Investment outlook, The destruction of the middle class
Posted by Yves Smith at 5:35 am | 28 Comments »
Indonesia’s Wait-And-See Approach Towards Joining BRICS
Indonesia serves as a reminder that the so-called “Global South” is not monolithic and that affects the prospect of joining BRICS.
Topics: China, Economic fundamentals, Globalization, Guest Post, India, Politics, Russia
Posted by Yves Smith at 4:52 am | 12 Comments »
2:00PM Water Cooler 8/31/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 74 Comments »
The Other Option for Containing Trump
Your humble bloggers risks getting herself in trouble by speculating about tail event level schemes to thwart Trump.
Topics: Banana republic, Media watch, Politics
Posted by Yves Smith at 11:16 am | 206 Comments »
Links 8/31/2023
Topics: Links
Posted by Yves Smith at 6:59 am | 92 Comments »
BRICS: African Countries Face Opportunities and Risks in Alienating China or the US – An Expert Weighs In
An, erm, interesting take on the implications for BRICS for African nations.
Topics: Africa, China, Globalization, Guest Post, Politics, Russia
Posted by Yves Smith at 6:57 am | 13 Comments »
Labor Economist: AI May Bring a Boom in Horrible Jobs
Losing jobs isn’t the only thing workers have to worry about. AI may make many jobs worse.
Topics: Guest Post, Income disparity, Social policy, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 6:43 am | 28 Comments »
US-China Decoupling: Rhetoric and Reality
An update on how the much-ballyhooed US economic divorce from China is progressing.
Topics: China, Economic fundamentals, Globalization, Guest Post
Posted by Yves Smith at 5:43 am | 14 Comments »
2:00PM Water Cooler 8/30/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 84 Comments »
Biden Administration Migrant-Friendly Southern Border Policy Creating Splits Among Democrats; NYC About to Eject 4,500 from Shelters
den”s “even more open borders” policy is generating resistance among some Democrats.
Topics: Free markets and their discontents, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 11:33 am | 32 Comments »
Links 8/30/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 78 Comments »
Extended Vaccination Boosters Against the RBD of Spike Protein and the Immune Response to SARS-CoV-2
A carefully done study, admittedly on mice, suggests that more Covid vaccinne boosting is counterproductive in immune repsone terms.
Topics: Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 6:33 am | 30 Comments »