The Boom Before the Bust: From the Roaring Twenties to the Great Depression
Was an investment boom in the face of saturated markets the ultimate cause of the Great Depression?
Read more...Author Archives: Yves Smith
Junk Bond Market Starts to Crack, in Further Sign AI End Game is Nearing
Some fresh takes on increasing indigestion in the junk bond market, which is set to cut AI access to affordable, or even any, new borrowing
Read more...Links 10/31/2026
Oligarchs and Elections, the Endgame
Rob Urie looks at the issue that ought to be on midterm ballots: oligarchs’ power and the policies needed to reduce it.
Read more...Poland’s Attempted Judicial Coup Will Shape the Post-War European Order
Poland’s EU/German aligned “liberal” leadership launches a judicial coup to prevent the seating of parliament-approved conservative judges.
Read more...Trump’s Russian Diesel Is a Legal Hot Potato With a Five-Year Fuse
How Trump’s Russian diesel scheme is at odds with import bans that carry criminal penalties.
Read more...Iran War: Senator Murphy Warns of “Insane” US Attack Plans as Iran Rejects JD Vance Negotiation Outreach, Wall Street Journal Applies Porcine Maquillage to Unsustainable US Hormuz Oil Shuttle Defense
Today’s Iran war news: More US threats and misguided outreach as Robert Barnes reports Trump favors trying to take Strait of Hormuz islands
Read more...James Galbraith: What Can the Last Great Crash Say About the Next One? Oil, AI, and the Perils of Technological Revolution
Did huge oil discoveries trigger for the Great Crash? And if so, what does that tell us about AI risk versus its overextended stock valuations?
Read more...How the Law Protecting Americans from Surprise Medical Bills Is Driving Up Healthcare Costs
Provider chicanery is producing the perverse outcome that curbing surprise billing is blowing out healthcare charges elsewhere.
Read more...Links 10/29/2026
Former CalPERS CFO Charles Asubonten Continues His Over Three-Year, Failed Legal Campaign to Silence Naked Capitalism Reporting With New Federal Suit in the Northern District of Alabama
Former CalPERS CFO Charles Asubonten doubles down on a losing legal campaign intended to silence Naked Capitalism.
Read more...Charles Asubonten v. Aurora Advisors Incorporated: Filed in Maryland February 2024, Dismissed April 2025, Appeal Dismissed July 2026, Motion to Reconsider Denied August 2026
The second unsuccessful case by Charles Asubonten seeking to silence Naked Capitalism’s reporting.
Read more...Charles Asubonten v. Susan Webber: Filed in Maryland in July 2023, Dismissed February 2024
The first in a pair of Charles Asubonten’s groundless and unsuccessful cases against Naked Capitalism’s reporting.
Read more...Mirable Dictu! AI Is Set to Destroy Major Software Quasi Monopolies
Will AI software clones wreck the predatory business models of giants like Adobe and Microsoft? One can hope.
Read more...Satyajit Das: On Cinema – The Wages of War
Another Satyajit Das thematic sampling from cinema and discussion, here on war.
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