A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.
Recent Items
Wednesday, November 5, 2025
Martin Wolf’s “The old global economic order is dead”
Topics: Banking industry, China, Credit markets, Economic fundamentals, Free markets and their discontents, Globalization, Politics
Posted by Yves Smith at 9:55 am | 79 Comments »
Links 5/8/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 163 Comments »
Karma Arriving? Times of Israel Frets Over Trump Abandonment With Houthis and Perhaps Even Iran
Is Trump leaving an overextended Israel to its own devices with his Yemen deal and Iran talks?
Topics: Doomsday scenarios, Energy markets, Middle East, Politics
Posted by Yves Smith at 6:54 am | 53 Comments »
A US or UK Hidden Hand? “How an India-Pakistan War Could Derail Central Asia’s Future”
Pakistan’s Prime Minister Asif contends that acting as a US operative helped prime the current India-Pakistan conflict. Does he have a point?
Topics: China, Doomsday scenarios, Guest Post, India, Politics, Russia
Posted by Yves Smith at 3:01 am | 29 Comments »
Trump Team’s $500 Million Bet on Old Vaccine Technology Puzzles Scientists
Some raised eyebrows over a Trump Administration big spend for a possible flu vaccine.
Topics: Dubious statistics, Guest Post, Health care, Politics, Regulations and regulators, Ridiculously obvious scams, Science and the scientific method
Posted by Yves Smith at 1:00 am | 19 Comments »
Predictive Policing AI Is on the Rise − Making It Accountable to the Public Could Curb Its Harmful Effects
Predictive policing experiments continue, despite poor results to date. Can this approach be made non-abusive?
Topics: Guest Post, Legal, Social policy, Social values, Surveillance state
Posted by Yves Smith at 9:55 am | 8 Comments »
Links 5/7/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 129 Comments »
Links 5/7/2025
Topics: Guest Post, Links
Posted by Haig Hovaness at 6:55 am | 73 Comments »
On the Practical Importance of Basic Research for Human Health
I was listening to the journalist Ryan Grim of Drop Site News last week as he talked briefly about his wife’s ongoing cancer treatment. His short gloss was directly on point, and it motivated me to dig deep in my archives on the history of research on breast cancer and how one never knows what […]
Topics: Banana republic, Doomsday scenarios, Guest Post, Health care, Science and the scientific method, Technology and innovation
Posted by KLG at 6:50 am | 15 Comments »
Roaring Tariffs: The Global Impact of the 2025 US Trade War
A model of the economic effects of various tariffs war scenarios shows even the likley “least bad” outcome is stilll pretty bad.
Topics: China, Economic fundamentals, Globalization, Guest Post, Politics
Posted by Yves Smith at 3:04 am | 13 Comments »
Coffee Break: Armed Madhouse – U.S. Defense Racketeering
Our warfare focused Coffee Break: the defense contractor racket – what it is and how to stop it
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 30 Comments »
Billionaire Blasts Private Equity’s Continued Grifting as Performance Falls Further
The once-above-criticism private equity industry is on the receiving end of long-overdue takedowns, some of them pointed.
Topics: CalPERS, Investment management, Private equity
Posted by Yves Smith at 9:58 am | 11 Comments »
Links 5/6/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 169 Comments »
Despite Last Week’s Nationwide Blackout, Spanish Government Takes Criminalisation of Cash to Whole New Level
Taking money out of the bank becomes a Kafkaesque nightmare. Anyone looking to withdraw more than $3,000 of their own money must notify the State in advance as well as explain the reason(s) why, or face fines.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 21 Comments »
Distributional and Macroeconomic Effects of Trump 2.0: The Rich Get Richer and the Poor Get Poorer
The likely outcome of Trump policies are a recession, a rise in inequality, and a further fall in living standards of working and middle-class Americans
Topics: Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Macroeconomic policy, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:50 am | 4 Comments »



