Europe’s warm winter likely only delayed its pain as importers may soon have to pay up for spot supply to beat competition from the Asian market.
Recent Items
Monday, July 7, 2025
Lower Natural Gas Price Is Not All Good News For Europe
Topics: Energy markets, Europe, Russia
Posted by Conor Gallagher at 4:00 am | 2 Comments »
Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,
Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.
Topics: China, Currencies, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Russia, The destruction of the middle class, The dismal science
Posted by Yves Smith at 3:31 am | 33 Comments »
The Non-Profit Industrial Complex Helps Keep the Student Loan Debt Crisis Going
Money made off the backs of students goes back into nonprofits to push college “access” and awareness of financial options.
Topics: Free markets and their discontents, Ridiculously obvious scams, Social values, Student loans, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 22 Comments »
KHN: $50 Billion in Opioid Settlement Cash Is on the Way. We’re Tracking How It’s Spent.
Citizens struggle to track how states are using all the money health care executives paid for their get-out-of-jail cards after they killed or addicted millions.
Topics: Banana republic, Corporate governance, Guest Post, Health care
Posted by Conor Gallagher at 5:00 am | 6 Comments »
Announcing 2023 Water Cooler Fundraiser!
If you can give a lot, give a lot. If you can only give a little, give a little; every little bit helps!
UPDATE 🌡️ As of just before Links, we are at 74 donors. 74 donors / goal of 375 = 19.4%. Thank you!
Topics: Notices
Posted by Lambert Strether at 9:20 am | 74 Comments »
Links 4/1/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 234 Comments »
Why Market Fundamentalism Is Incompatible with Climate Action
Tackling the climate crisis effectively requires a shift from market fetishism to a more fair and sustainable global economy
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Legal, Politics, Regulations and regulators, Social policy
Posted by Yves Smith at 4:17 am | 29 Comments »
Defeat of a School Voucher Program Reveals Motives Behind the ‘School Choice’ Debate
A newfangled school voucher scheme, “education success accounts,” was too much even for the conservative Virginia House to swallow.
Topics: Banana republic, Guest Post, Income disparity, Politics, Privatization, Social policy, The destruction of the middle class
Posted by Yves Smith at 3:50 am | 34 Comments »
2:00PM Water Cooler 3/31/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 105 Comments »
Links 3/31/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 220 Comments »
That 80s Feeling: How to Get Serious About Bank Reform This Time and Why We Won’t
The author argues for the widespread use of market values when assessing bank conditions, prompt corrective action by regulators, limiting deposit insurance protection to ensure market discipline, and shifting the political equilibrium.
Topics: Banking industry, Regulations and regulators
Posted by Lambert Strether at 6:50 am | 11 Comments »
Shining a Light on the UK Government’s Disingenuous Role in Trying to Kill Cash
It should perhaps come as little surprise that when it comes to protecting the right to pay in cash, the UK government prioritises freedom of choice for businesses (to reject cash) over freedom of choice for citizens (to use it).
Topics: Guest Post
Posted by Nick Corbishley at 6:33 am | 13 Comments »
Senators Alarmed By Use of Rent-Setting Algorithm, Say It’s Helping Drive Inflation
How much is “information sharing” between mega property management companies driving the rise in housing costs?
Topics: Free markets and their discontents, Guest Post, Market inefficiencies, Pandemic, Real estate, Regulations and regulators, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 10 Comments »
The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Topics: Banana republic, Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Politics, Regulations and regulators, Risk and risk management, The destruction of the middle class
Posted by Yves Smith at 12:23 am | 13 Comments »