New data showing that the UK has negative net foreign assets throws even more cold water on the idea of a Glorious Brexit.
Recent Items
Sunday, July 20, 2025
May to Plead With Merkel as Brexit Deadlocks Domestically Too; New Data Shows UK Lacks Foreign Reserves, Meaning Even More Vulnerable to Brexit
Topics: Brexit, Currencies, Doomsday scenarios, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Politics, UK
Posted by Yves Smith at 4:00 am | 61 Comments »
Catalonia Anxious and Divided on Eve of Rajoy’s Deadline for Independence Answer
Nail-baiting in Catalonia on the eve of Rajoy’s demand for a response…..
Topics: Europe, Guest Post, Politics, Social values
Posted by Yves Smith at 1:21 am | 7 Comments »
The Wine Country Fires: Is Pacific Gas and Electric (PG&E) a Rogue Utility?
PG&E, tree-trimming, and profit.
Topics: Energy markets, Environment, Guest Post, Politics, Privatization, Regulations and regulators, Risk and risk management
Posted by Lambert Strether at 2:15 pm | 96 Comments »
Links 10/15/17
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 184 Comments »
The Empire Comes Home Counterinsurgency, Policing, and the Militarization of America’s Cities
American society is embracing its inner empire. Eventually, its long reach may come for us all.
Topics: Banana republic, Guest Post, Politics, Social values, Surveillance state
Posted by Lambert Strether at 6:25 am | 54 Comments »
Thanks for a Great Fundraiser!
Thanks for your generous contributions to this fundraiser, and to your help all year!
Topics: Notices
Posted by Yves Smith at 5:28 am | 19 Comments »
Countdown!
Counting down to the close of our fundraiser! Help make it our best ever!
Topics: Notices
Posted by Yves Smith at 9:52 pm | 1 Comment »
Final Hours of Fundraiser, About to Hit Our New Donor Target!
We are close to our final fundraiser target! Help push us over the top!
Topics: Notices
Posted by Yves Smith at 6:38 pm | Comments Off on Final Hours of Fundraiser, About to Hit Our New Donor Target!
Links 10/14/17
Topics: Links
Posted by Yves Smith at 6:55 am | 240 Comments »
Procrastinators of the World, Unite! Last Day, Last Chance for Our Fundraiser!
Help make our 2017 fundraiser the most successful ever!
Topics: Notices
Posted by Yves Smith at 6:15 am | 5 Comments »
Racial Segregation and Southern Lynching
In the case of the American South, residential segregation did not allow the black community to insulate itself from interracial violence.
Topics: Guest Post, Social policy
Posted by Yves Smith at 6:13 am | 4 Comments »
Ilargi: The Curious Case of Missing the Market Boom
A skeptical look at a defense of stock market valuations.
Topics: Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Investment outlook, Japan
Posted by Yves Smith at 6:12 am | 23 Comments »
2:00PM Water Cooler 10/13/2017
Today’s Water Cooler: NAFTA, CAFTA, 2018 midterms, health care, consumer prices, consumer sentiment, Bitcoin, survivors, robot friends
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 106 Comments »
World Bank Must Stop Encouraging Harmful Tax Competition
The World Bank manages to make the IMF look good…..
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Politics, Taxes
Posted by Yves Smith at 9:55 am | 7 Comments »
Links 10/13/17
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 175 Comments »