Major cities are in serious trouble and hte outlook is grim.
Recent Items
Monday, October 20, 2025
Some Thoughts on New York City and the Dim Prospects for American Cities
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 »
Nassim Nicholas Taleb: The Masks Masquerade
Nassim Nicholas Taleb explains why people should be wearing masks. And yes, he provides a model.
Topics: Guest Post
Posted by Yves Smith at 5:33 am | 99 Comments »
Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Topics: Dubious statistics, Investment management, Investment outlook, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 2:16 am | 13 Comments »
Dicamba Drift: Trump EPA Defies 9th Circuit Ruling
EPA issues cancellation order to attempt to overrrule Ninth Circuit dicamba opinion; plaintiffs’ lawyers file emergency motion.
Topics: Environment, Guest Post, Legal, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 9:55 am | 12 Comments »
Links 6/14/2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 339 Comments »
Unsung Heroines: Who Cares for the Carers?
Even before COVID-19, the world was facing a care crisis, a problem that is only worsening.
Topics: Guest Post, Health care, Income disparity, Market inefficiencies, Pandemic, Social policy, Social values, The destruction of the middle class
Posted by Jerri-Lynn Scofield at 6:25 am | 8 Comments »
Links 6/13/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 243 Comments »
The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Pandemic, Politics, Social policy
Posted by Yves Smith at 2:35 am | 57 Comments »
Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
Wellie, the latest jobless claims data wan’t horrific, merely very bad
Topics: Dubious statistics, Economic fundamentals, Guest Post, Pandemic
Posted by Yves Smith at 2:07 am | 7 Comments »