Friday, June 27, 2025

Wolf Richter: End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff

Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.

CDC’s HICPAC Prepares to Whack More Patients as Infection Control Experts Gather for August 22 Teleconference on Masks

“We said we’d *control* infection, right?”

2:00PM Water Cooler 7/10/2023

~ Today’s Water Cooler ~

Correlations Among Risks: Lessons from the Silicon Valley Bank Collapse

Bank regulation and intervention measures should be focused on the correlations and causal relationships between risk drivers

Links 7/10/2023

Underestimate Russia at Your Own Risk: A Comparison of Hubris by Germany During WWII and Today’s Collective West

The miscalculations by Berlin in the second world war and Washington/NATO today are eerily similar. 

Iraq’s Climate Crisis: America’s War for Oil and the Great Mesopotamian Dustbowl

Juan Cole examines the US climate change crimes against Iraq and how the neocon’s destructive foreign adventures are increasingly as if the US is invading itself. 

The Impact of Brexit on the UK economy: Reviewing the Evidence

Two-thirds of the British public think Brexit has damaged the economy, and all indications are that they’re right. Where does the UK go from here?

Links 7/9/2023

Turkiye Refuses to Back Down on Sweden Accession Ahead of NATO Summit

Will the West give Erdogan what he wants?

Kakhovka Dam Breach in Ukraine Caused Economic, Agricultural and Ecological Devastation That Will Last for Years

Ukrainian yields had already fallen by as much as 60 percent. With the loss of the dam and reservoir, agricultural production will shrink further, affecting food security around the world.

Links 7/8/2023

The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash

Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.

It’s Not That Hard to Solve Homelessness

America has the means to substantially alleviate homelessness but not the desire.

2:00PM Water Cooler 7/7/2023

~ Today’s Water Cooler ~