Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
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Wednesday, December 31, 2025
Michael Hudson: A Depression Is Coming
Topics: China, Credit markets, Currencies, Doomsday scenarios, Energy markets, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Pandemic, Politics, Russia, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:08 am | 63 Comments »
The Fed Tackles Kalecki
A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Topics: Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Income disparity, The destruction of the middle class, The dismal science
Posted by Yves Smith at 4:39 am | 26 Comments »
2:00PM Water Cooler 6/30/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 113 Comments »
Privacy in the Wake of Dobbs: How Safe Are Your Medical Records and Digital Data If Prosecutors or Bounty Hunters from No-Choice States Come Knocking?
To answer the privacy question posed in the headline in a couple of words: not very. Expect a flurry of litigation involving no-choice and pro-choice states and the feds on issues of extraterritoriality, enforcement, and evidence.
Topics: Europe, Health care, Legal, Politics, Regulations and regulators, Social policy, Social values, Surveillance state
Posted by Jerri-Lynn Scofield at 1:55 pm | 37 Comments »
Links 6/30/2022
Topics: Links
Posted by Lambert Strether at 6:58 am | 171 Comments »
New York Times Shows How McKinsey “Guided” Major Opioid Players, Causing Even More Deaths
More on how McKinsey has gotten away with murder.
Topics: Corporate governance, Health care, Legal, Pandemic, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:54 am | 14 Comments »
Fighting Words – What the Poles Say When They Dare Do Nothing About NATO and the US
How Poland is getting the short end of the stick from the US and NATO. Not that that should be a surprise.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:54 am | 56 Comments »
Damage from Air Pollutants You Won’t Hear About from Your Doctor
A useful reminder that the health costs of bad air are more extensive than most people realize. But what to do?
Topics: Guest Post, Health care, Regulations and regulators, Social policy
Posted by Yves Smith at 3:41 am | 33 Comments »
2:00PM Water Cooler 6/29/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 185 Comments »
Drax Eyeing California as Site of New Biomass Carbon Capture Plant
UK company Drax is pitching a huge project, and seeking huge subsidies. for an unproven biomass technology.
Topics: Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 9:55 am | 24 Comments »
Links 6/29/2022
Topics: Links
Posted by Yves Smith at 6:59 am | 323 Comments »
As CalPERS Doubles Down on Private Equity, New Analysis Finds CalPERS’ Private Equity Returns “Based on a Mirage;” Another Study Reaffirms that Private Equity Drags Down Performance
Yet more reasons why CalPERS needs to kick its private equity bad habit.
Topics: CalPERS, Dubious statistics, Investment management, Investment outlook, Private equity
Posted by Yves Smith at 6:50 am | 4 Comments »
Oil Markets Could Face A Doomsday Scenario This Week
How will oil markets react if they get confirmation that OPEC+ has no spare production capacity?
Topics: Commodities, Economic fundamentals, Energy markets, Guest Post, Middle East, Russia
Posted by Yves Smith at 5:29 am | 35 Comments »
Putin’s Invasion of Ukraine Didn’t Cause the Food Crisis. Capitalism Did
Small farmers are the world’s primary suppliers of food. It’s imperative we listen to them, not the big corporates
Topics: Free markets and their discontents, Global warming, Guest Post, Permaculture, Social policy
Posted by Yves Smith at 4:33 am | 28 Comments »
2:00PM Water Cooler 6/28/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 129 Comments »


