The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.
Recent Items
Saturday, July 12, 2025
US Inflation Policies Slowing World Economy
Topics: Economic fundamentals, Federal Reserve, Free markets and their discontents, Globalization, Guest Post, Income disparity, Investment management, The destruction of the middle class, The dismal science
Posted by Yves Smith at 1:39 am | 7 Comments »
2:00PM Water Cooler 2/2/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 93 Comments »
An Old, Small Opening Salvo v Russia? 2013 Bank Bail-In “increasingly has the smell of a proxy Germany v. Russia struggle through Cyprus”
A closer look at an old Eurozone banking crisis shows how Cyprus was (at least to a degree) used to get at Russia.
Topics: Banking industry, Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Politics, Regulations and regulators, Russia
Posted by Yves Smith at 12:47 pm | 20 Comments »
Links 2/2/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 99 Comments »
Is the Unstoppable Force of Mexico’s GMO Ban About to Meet the Unmovable Object of US Big Ag Lobbies?
Mexico is not only dangerously dependent on US growers for its most important staple crop; it is growing more and more dependent each and every year. Mexico’s government wants to reverse this dynamic, but the US has other ideas.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 43 Comments »
How the Left Should Exercise Power Once They Have It
Another episode in the long-running soap opera, “Can the Left Be Saved?”
Topics: Banana republic, Free markets and their discontents, Global warming, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 3:21 am | 117 Comments »
Biden to End Orders Declaring Covid a National Emergency on May 11, Because Why Not?
The pandemic is over when we say it’s over.
Topics: Guest Post, Pandemic, Politics, Privatization
Posted by Lambert Strether at 3:25 pm | 98 Comments »
2:00PM Water Cooler 2/1/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 49 Comments »
Links 2/1/2023
Topics: Links
Posted by Lambert Strether at 6:55 am | 172 Comments »
The Pentagon’s Plans for a Perpetual Three-Front “Long War” Against China and Russia
The U.S. military has made up its mind about the future in 2018.
Topics: China, Doomsday scenarios, Europe, Globalization, Middle East, Russia
Posted by Lambert Strether at 6:50 am | 61 Comments »
A Recent Artifact with Stories to Tell
Outwardly simple and seemingly rational choices often have far-reaching consequences for those who cannot or will not imagine the day after tomorrow.
Topics: Curiousities, Guest Post, Social values, Technology and innovation
Posted by Lambert Strether at 4:55 am | 29 Comments »
“Yes, Britain Is Corrupt. But It’s a Lot Worse Than You Think”
The press talked up the UK’s drop in the Corruption Perception Index. But the UK has long been an engine of corrupt conduct around the world.
Topics: Banking industry, Guest Post, Income disparity, Politics, Ridiculously obvious scams, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 2:52 am | 43 Comments »
2:00PM Water Cooler 1/31/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 84 Comments »
Anecdata on the Restructuring of the Russian Economy
A report from a Russian working abroad about the effect of the war on his industry.
Topics: Economic fundamentals, Russia
Posted by Yves Smith at 9:48 am | 116 Comments »