Some of the rich are feeling the pinch. Is this a passing phenomenon or a sign of things to come?
Recent Items
Friday, January 2, 2026
The Rich Under Stress as Asset Prices Wobble
Topics: Banking industry, Credit markets, Income disparity, Real estate, Risk and risk management
Posted by Yves Smith at 2:07 am | 53 Comments »
Why Aren’t Americans Rising Up Like the People of Chile and Lebanon?
Americans are not big on protests, and people abroad are perplexed
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 12:27 am | 98 Comments »
2:00PM Water Cooler Special: Warren’s #MedicareForAll Transition Plan Is Set Up to Fail
Warren’s transition plan, like her pay-for plan, introduces unmotivated dependencies that make #MedicareForAll unlikely to pass, charitably from poor political judgment, less charitably because she doesn’t want the bill to pass.
Topics: Guest Post, Health care, Politics
Posted by Lambert Strether at 3:55 pm | 54 Comments »
2:00PM Water Cooler 11/18/2019
Today’s Water Cooler: Forever trade war, Iowa polling, Trump, Warren, impeachment, Obama legacy, housing, frack sand collapse, container shipping, aircraft sales, robot cars to increase driving, giant structures in the universe, junk, landfills, more efficient toilets, dentistry, the press, wage theft, Hokusai
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 157 Comments »
Plastics Watch: Recycling, Raccoons, and Rubbish
Even a massive recycling campaign won’t make a dent in the plastics problem, as long as the industry ramps up production; some thoughts on raccoons, and rubbish.
Topics: Banana republic, Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 17 Comments »
The Joker to Guy Fawkes: Why Protesters Around the World are Wearing the Same Masks
Discussion of role of masks in global protest, as Hong Kong’s mask ban is ruled unconstitutional by High Court.
Topics: China, Social values, Surveillance state
Posted by Jerri-Lynn Scofield at 7:55 am | 23 Comments »
Links 11/18/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 138 Comments »
FAA Pushes Back on Boeing Pressure to Recertify 737 Max by Year End; Agency Also Considering Major Revamp of Certification Process
Remarkably, the new FAA chief Steve Dickson is standing up to Boeing and planning widespread reforms at the agency.
Topics: Legal, Politics, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 4:22 am | 25 Comments »
America’s Arms Sales Addiction
The sorry history of how US arms sales have made the world less safe, and aren’t all that good for America either.
Topics: Banana republic, Doomsday scenarios, Guest Post, Middle East, Politics
Posted by Yves Smith at 3:45 am | 9 Comments »
Blockbuster WSJ Investigation: How Google Interferes With Its Search Algorithms and Changes Your Results
WSJ publishes results documenting how Google tweaks its search algorithms and adjusts your search results, to privilege large over small, and muddled middle perspectives.
Topics: Banana republic, Guest Post, Politics, Regulations and regulators, Ridiculously obvious scams, Surveillance state
Posted by Jerri-Lynn Scofield at 12:55 pm | 48 Comments »
Links 11/17/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 207 Comments »
Left Twitter Responds With Viral #TooFarLeft Hashtag After Obama Counsels Democrats to Tamp Down Progressive Ambitions
Sampling of tweets responding to counsel to Democrats to sideline left-leaning twitter feeds.
Topics: Banana republic, Guest Post, Politics, Social values
Posted by Jerri-Lynn Scofield at 2:55 am | 182 Comments »
Links 11/16/17
Topics: Links
Posted by Yves Smith at 6:55 am | 292 Comments »
Do We Actually Grow from Adversity?
Americans in particular like to reframe hardship as an opportunity to grow….but how valid is that notion?
Topics: Guest Post, Science and the scientific method, Social values
Posted by Yves Smith at 6:10 am | 69 Comments »
Non-Financial Private Debt Overhang: Post War German Debt Reforms as a Model for a Modern Debt Jubilee?
Private debt levels are even higher than in 2008 but super low interest rates make that look less worrisome than it arguably should be. T. Sabri Öncü ponders how to go about large scale debt relief.
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Guest Post
Posted by Yves Smith at 5:14 am | 12 Comments »



