Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.
Recent Items
Sunday, September 14, 2025
The Bullshit Economy: Homebuying “Help”
Topics: Banana republic, Banking industry, Credit markets, Free markets and their discontents, Guest Post, Income disparity, Real estate, Ridiculously obvious scams
Posted by Yves Smith at 5:31 am | 57 Comments »
Department of Pre-Crime: Left-Wing Protester Arrested by FBI for Being on a “Path to Radicalization”
In the real world, the one we’re in now, the Department of Pre-Crime will not be this much fun. Nor will the good guys win.
Topics: Guest Post, Legal, Media watch, Politics, Surveillance state
Posted by Yves Smith at 4:58 am | 57 Comments »
A Big Fiscal Push is Urgent, The Risk of Overheating Is Small
The $1.9 trillion fiscal stimulus should be large because the need is large.
Topics: Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Income disparity, Investment outlook, Macroeconomic policy, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 3:55 am | 20 Comments »
2:00PM Water Cooler 3/2/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 119 Comments »
Elder Care Company “Home Instead” Transfers Reported Thief to Another Client; Endangers Client Welfare and Violates Own Contract
How the agency Home Instead has mistreated my 93 year old mother and will be reported to the State of Alabama for elder abuse.
Topics: Health care, Legal, Ridiculously obvious scams
Posted by Yves Smith at 9:45 am | 45 Comments »
Links 3/2/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 190 Comments »
Pfizer’s Sordid Vaccine Sales Practices in Latin America Could Be a Big Boon for China and Russia
Vaccine politics could end up nudging countries in the region even deeper into China’s orbit. As vaccines fail to materialise, doctors turn to cheap, widely available drugs such as Ivermectin.
Topics: China, ECONNED, Guest Post
Posted by Nick Corbishley at 6:31 am | 25 Comments »
US ‘Excess Savings’ Are Not Excessive
Mr. Market believes the US economy is about to take off due to lots of pent-up demand. The savings story doe not support that happy view.
Topics: Guest Post
Posted by Yves Smith at 5:37 am | 14 Comments »
Neoliberal Finance Undermines Poor Countries’ Recovery
Neoliberal economic policies were bad enough, but now Covid vaccine hoarding/rentierism has delivered a second blow to poor nations.
Topics: Guest Post
Posted by Yves Smith at 5:13 am | 8 Comments »
Since Google Suppressed My Post on the CDC, School Reopening, and Aerosols, I’m Re-Posting It
Google spills its secret sauce
Topics: Guest Post, Health care, Ridiculously obvious scams, Technology and innovation
Posted by Lambert Strether at 5:25 pm | 57 Comments »
2:00PM Water Cooler 3/1/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 92 Comments »
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
With the pile of debt facing Exxon — debt that increased by over $20 billion in 2020 and is expected to increase by as much as another $8 billion this year — the truth about whether the oil company really is “stronger” should become obvious soon enough.
Topics: Environment
Posted by Lambert Strether at 1:45 pm | 15 Comments »
Links 3/1/2021
Topics: Links
Posted by Lambert Strether at 6:58 am | 154 Comments »
Recent Judge Rakoff Decision May Curb Private Equity Leverage Abuses By Pinning Liability on Directors of Selling Company
Some of the worst private equity practices, like buyers pulling out more cash at closing than they put in, were targeted by a recent ruling.
Topics: Banana republic, Corporate governance, Legal, Private equity
Posted by Yves Smith at 6:03 am | 19 Comments »
How Does the Johnson & Johnson Vaccine Compare to Other Coronavirus Vaccines? 4 Questions Answered
Why the Johnson & Johnson vaccine should be seen as a contender.
Topics: Dubious statistics, Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 6:02 am | 77 Comments »