Trump speaks an inconvenient truth about Puerto Rico. How long before his minders walk it back?
Recent Items
Tuesday, July 22, 2025
Trump Says Puerto Rico Debt Needs to be Wiped Out
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Politics
Posted by Yves Smith at 10:52 pm | 45 Comments »
2:00PM Water Cooler 10/3/2017
Today’s Water Cooler: KORUS, Susan Collins, Russia hysteria, coincident indicators, gerrymandering, lithium, Amazon, Tesla, contract workers
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 103 Comments »
Cryptos Fear Credit
Cryptocurrency fans have a perverse and badly misinformed loathing of the role of credit in payments and money systems.
Topics: Free markets and their discontents, Guest Post, Payment system
Posted by Yves Smith at 9:55 am | 75 Comments »
Links 10/3/17
Topics: Links
Posted by Jerri-Lynn Scofield at 6:55 am | 124 Comments »
Catalonia Blinks in Secession Staredown
Despite staging large-scale protests on Monday, Catalonia just revealed it is holding a weak set of cards in it secession efforts.
Posted by Yves Smith at 6:54 am | 97 Comments »
U.S. Shale Isn’t As Strong As It Appears
Shale production may stay in the doldrums until oil prices move higher and stay there.
Topics: Economic fundamentals, Energy markets, Guest Post
Posted by Yves Smith at 4:34 am | 12 Comments »
Gaius Publius: Capitalism, Infinite Growth, Climate Change & Manufactured Hopelessness
Looking at the disastrously high cost of the fetishization of growth.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post
Posted by Yves Smith at 3:01 am | 46 Comments »
Lee Camp: Naked Capitalism – Making the Corporate Media Very, Very Nervous
Naked Capitalism is a critical part of the information war that the traditional, corporate-owned media is losing, and deserves to lose.
Topics: Guest Post, Notices
Posted by Yves Smith at 2:01 am | 9 Comments »
Wow! Met Our Second Fundraising Target Quickly, on to the Third: Supporting the Comments Section
Please invest in the comment section! This fundraising goal is for all of us!
Topics: Notices
Posted by Yves Smith at 1:22 am | 1 Comment »
2:00PM Water Cooler 10/2/2017
Today’s Water Cooler: Mark Zuckerberg and open thread
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 68 Comments »
The Situation in Puerto Rico: Power, Water, and PROMESA
Puerto Rico’s austerity under PROMESA begets power failure begets water contamination and disease
Topics: Environment, Guest Post, Politics, Social policy
Posted by Lambert Strether at 1:25 pm | 52 Comments »
Links 10/2/17
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 145 Comments »
How to Preserve Fundamental Rights on the Internet: a Guide
The Spanish government’s crackdown in Catalonia has shown that everyone needs tools to guarantee their fundamental rights online.
Topics: Guest Post, Politics, Surveillance state
Posted by Lambert Strether at 6:27 am | 9 Comments »
Standoff in Catalonia
Short term, Catalonia and Madrid are at loggerheads. The next phase is likely an escalation of violence as neither side backs down. ,
Topics: Economic fundamentals, Europe, Politics
Posted by Yves Smith at 6:15 am | 93 Comments »
Bill Black: Marriage and the Jobs Guarantee
Conservatives are trying to blame low rates of marriage among the young on anything but the state of the economy and the job market.
Topics: Dubious statistics, Economic fundamentals, Guest Post, Social policy, Social values, The dismal science
Posted by Yves Smith at 4:49 am | 54 Comments »