~ Today’s Water Cooler ~
Recent Items
Friday, May 20, 2022
2:00PM Water Cooler 5/13/2022
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 199 Comments »
Time Is Running Out to Save Sri Lanka from Total Economic Collapse
Once hailed as South Asia’s ‘success story’, Sri Lanka has faced months of escalating violent unrest.
Topics: Banana republic, Currencies, Doomsday scenarios, Economic fundamentals, Guest Post, Income disparity, Politics
Posted by Yves Smith at 9:55 am | 15 Comments »
Links 5/13/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 218 Comments »
Washington Faces Ultimate Snub, As Latin American Heads of State Threaten to Boycott Summit of Americas
“The real risk is that — after nearly three decades of summitry — this year’s [Summit of Americas] may be interpreted as a gravestone on U.S. influence in the region.”
Topics: Guest Post
Posted by Nick Corbishley at 6:40 am | 33 Comments »
Brief Comments on the TerraUSD and Tether Stablecoin Breakdowns
Why the two big stablecoin breakdowns of last week, TerraUSD and Tether, look like frauds.
Topics: Banana republic, Free markets and their discontents, Legal, Payment system, Regulations and regulators, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 6:25 am | 49 Comments »
More Oil From U.S. Strategic Petroleum Reserve Heads To Europe
The use of the Strategic Petroleum Reserve looks like three card monte.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:11 am | 9 Comments »
2:00PM Water Cooler 5/12/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 127 Comments »
Exile
A personal account of exile.
Topics: Guest Post, Legal, Politics, Russia, Social values
Posted by Yves Smith at 9:55 am | 48 Comments »
Links 5/12/2022
Topics: Links
Posted by Lambert Strether at 6:55 am | 248 Comments »
Michael Hudson on Decline of Dollar, Sanctions War, Imperialism, Financial Parasitism
Economist Michael Hudson discusses the decline of the US dollar, the sanctions war on Russia, his concept of “free-trade imperialism,” and financial parasitism.
Topics: Banana republic, China, Free markets and their discontents, Guest Post
Posted by Yves Smith at 6:50 am | 36 Comments »
New York Times, Defense Intelligence Agency Go Wobbly on Ukraine Prospects as Militias + Russia Continues to Grind Down Opposition in Donbass
It’s becoming hard for the West to pretend that Russia will fail at its aims in Ukraine, most importantly, destroying its abilty to wage war.
Topics: Doomsday scenarios, Media watch, Politics, Russia
Posted by Yves Smith at 6:49 am | 52 Comments »
Russia Announces Initial Retaliatory Sanctions Targets; Waiting for the Other Shoe to Drop
Russia has started rolling out its retailiaory “special economic measures”. But it’s still not clear what they amount to in practice.
Topics: Commodities, Energy markets, Europe, Legal, Politics, Russia
Posted by Yves Smith at 5:23 am | 34 Comments »
2:00PM Water Cooler 5/11/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 96 Comments »
Sanders: GOP Ended Filibuster to Pack Supreme Court, So Dems Must End It to Save Abortion Rights
Sanders is pushing for a path for preserving abortion rights. Funny he doesn’t have much company.
Topics: Guest Post, Health care, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 9:19 am | 51 Comments »
Links 5/11/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 194 Comments »