Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Recent Items
Sunday, September 14, 2025
Reviving the Economy, Creating the ‘New Normal’
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 26 Comments »
Links 6/17/2020
Topics: Links
Posted by Lambert Strether at 6:58 am | 166 Comments »
Automation, Globalisation, and Vanishing Jobs
A new take on how automation and offshoring affect employment.
Topics: Economic fundamentals, Globalization, Guest Post, Income disparity, Technology and innovation, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:29 am | 36 Comments »
Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Topics: Doomsday scenarios, Economic fundamentals, Pandemic
Posted by Yves Smith at 5:40 am | 49 Comments »
How the Disappearance of Union Jobs Obliterated an Emergent Black Middle Class
How union support boosted black economic and social progress.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 2:20 am | 23 Comments »
2:00PM Water Cooler 6/16/2020
COVID-19 by regions (plus New York) ~ Biden veepstakes (Abrams, Bottoms, Demings, Harris, (Susan) Rice, Warren) ~ Chait gets something partially right ~ Retail, manufacturing, debt ~ PG&E “mass killing” ~ Dexamethasone ~ Masks ~ Albuquerque shooting ~ Case-Deaton on COVID ~ Git
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 176 Comments »
No, We Don’t Need to Place Our Faith in Downloading Some Untested, Privacy-Infringing App as the Only Possible COVID-19 Slayer; Why Don’t We Look to Places that Have Successfully Limited Disease Spread and Copy Their Policies?
Ars Technica clutches pearls at poll showing decline in those willing to download privacy-infringing app to stymie spread of COVID-19.
Topics: China, Doomsday scenarios, Guest Post, India, Pandemic, Surveillance state
Posted by Jerri-Lynn Scofield at 9:55 am | 37 Comments »
Links 6/16/2020
Topics: Links
Posted by Yves Smith at 6:58 am | 174 Comments »
Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Pandemic, Politics, Social policy, Taxes
Posted by Yves Smith at 6:50 am | 127 Comments »
Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 5:08 am | 59 Comments »
Forty Percent of Police Families Experience Domestic Violence, Compared to 10% in the General Population
More evidence of lack of impulse control on behalf of a meaningful number of police officers.
Topics: Politics, Social policy
Posted by Yves Smith at 12:58 am | 21 Comments »
2:00PM Water Cooler 6/15/2020
Regional COVID charts ~ DNC outbids Biden on climate (!) ~ Biden and Harris ~ Biden electoral map ~ Sanders and the telephone ~ Trump landslide? ~ Trump losing small-town America!? ~ Gorsuch on Title VII ~ Georgia voting debacle ~ Cheese ~ Oil tankers ~ Masks ~ Blood ~ Cats and “dateability”
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 189 Comments »
Coronavirus Recovery: Why Local Markets are Key to Reviving Our Locked Down Town Centres
Local markets, not supermarkets, are a key part of reviving city centres as the UK emerges from its coronavirus lockdown.
Topics: Globalization, Guest Post, Pandemic, UK
Posted by Jerri-Lynn Scofield at 9:55 am | 17 Comments »
Links 6/15/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 113 Comments »
CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Topics: Banking industry, CalPERS, Investment management, Investment outlook, Pandemic, Private equity, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 5:40 am | 35 Comments »