Perilous little is novel in finance, particularly scams like FTX.
Recent Items
Thursday, September 11, 2025
FTX’s Collapse Mirrors an Infamous 18th Century British Financial Scandal
Topics: Currencies, Free markets and their discontents, Guest Post, Investment management, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:30 am | 16 Comments »
War Of The Worlds Begins In Your Neighborhood “Because — German Chancellor Merkel Has Just Declared — Russia Was Never Pacified”
It can’t be said often enough how much damage Merkel did by using Minsk as a clever ploy to hurt Russia and worse now admitting to it.
Topics: Doomsday scenarios, Europe, Garrulous insolence, Guest Post, Politics, Russia
Posted by Yves Smith at 5:56 am | 134 Comments »
2:00PM Water Cooler 12/30/2022
~ Today’s Water Cooler: Happy New Year! ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 85 Comments »
Links 12/30/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 184 Comments »
The US and China Are in a War “for Peru’s Soul”, Says Mexican Geopolitical Analyst
“We are seeing a surreptitious clash, a war that no one dares name, between China and the United States for Peru’s soul.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 26 Comments »
The 2022 Globie: Money and Empire – Perry Mehrling on Charles Kindleberger
Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
Topics: Banking industry, Currencies, Free markets and their discontents, Globalization, Guest Post, Payment system, Politics, The dismal science, UK
Posted by Yves Smith at 4:15 am | 17 Comments »
2:00PM Water Cooler 12/29/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 118 Comments »
Links 12/29/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 147 Comments »
Twitter and the CIA (Twitter Files 8–10)
Yves here. The Twitter Files disclosures continue at an impressive clip, increasingly focusing on the close involvement of Federal law enforcement and intelligence agencies in curtailing and blocking Administration/Democrat-threatening lines of thought, such as interest in the Hunter Biden laptop or hostility to vaccine mandates. These revelations are as significant as the Pentagon Papers, yet […]
Topics: Guest Post, Media watch, Politics, Social policy
Posted by Yves Smith at 4:08 am | 51 Comments »
“The Expat Experience”
Some perspectives on being an expat.
Topics: Curiousities, Globalization
Posted by Yves Smith at 1:18 am | 126 Comments »
2:00PM Water Cooler 12/28/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 91 Comments »
Links 12/28/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 156 Comments »
Hoisted from Comments: Rosneft Refinery in Schwedt as a Microcosm of Europe’s Sanctions-Induced Energy Mess
A Rosneft refinery in Germany illustrates how difficult it is to get back to anything resembling status quo ante under sanctions.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Legal, Politics, Regulations and regulators, Russia
Posted by Yves Smith at 3:54 am | 46 Comments »
The Ukraine Crisis Is a Classic “Security Dilemma”
Some well-meaning but going-nowhere peace ideas for Ukraine.
Topics: Doomsday scenarios, Energy markets, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 3:43 am | 96 Comments »
2:00PM Water Cooler 12/27/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 72 Comments »