Author Archives: Yves Smith
Michael Hudson with Radhika Desai: We’re Headed for a Depression Worse Than 2008
Michael Hudson and Radhika Desai discuss how much of supposed US economic performance is illusory, and what happens when it unwinds.
Read more...Albania’s Flamingo Revolution Tests the New Western Order
A Kushner project has caught Albania between US and EU interests, with revolution-seeking Western networks playing a big role.
Read more...Iran War: US Sixth Wave of Escalation Strikes Hits Bridges, Civilian Infrastructure, More Promised Next Week; Iran Hits Bahrain Refinery, Signaling Ability to Destroy Gulf Energy Assets; Closure of Bab el-Mandeb Strait Expected
Today’s Iran war news: Trump continues to escalate, with more threatened for next week, apparently out of anger as opposed to with a plan.
Read more...Rob Urie: No Path Forward, No Way Back, Imperial Decline Edition
Decades of misuse of US imperial advantages, malinvestment, looting produce hopium for destructive AI deployment as a rescue for the rich.
Read more...How Apocalyptic Worldviews Are Moving from the Fringes to the Corridors of Power
Why apocalyptic concerns seem fully warranted, officials and prominent figures can use them to manipulate the public.
Read more...Big Money and the Maine Election: Round 2
Despite Maine Democratic Party claims that outside interests won’t influence who replaces Platner, the money trail suggests otherwise.
Read more...Iran War: Strait of Hormuz Traffic Falls as Trump Threatens Infrastructure Strikes; Iran Alleges $9 Billion of Witkoff/Kushner Profits from Negotiation Intel, Demands Cut
Today’s Iran war news: Trump’s bluster increases, evidently to compensate for military impotence.
Read more...Satyajit Das: Déjà Vu All Over Again! Are Stock Markets Repeating Dot.com Mistakes?
AI valuations make the dot.com era look pale. Yet genuine excitement seems to be wanting.
Read more...Senators and Representatives Block $1.15 Trillion Pentagon Bill Over Trump’s Illegal Iran War, Israel Integration
A preliminary success in blocking Trump’s plan to supersize the Pentagon budget and integrate the IDF.
Read more...Should BRICS+ Lead the Global South?
BRICS seems destined never to live up to hopes for it. Is strengthening the Non-Aligned Movement a better strategy?
Read more...Links 7/15/2026
Iran War: Trump TACOs on Strait of Hormuz Fee as Blockade Starts but Again Threatens to Attack Iran Energy and Critical Infrastructure as Iran Warns of Closure of Bab el-Mandeb, Destruction of Gulf State Energy Production
Today’s Iran war news: Trump’s continued ferocity is way out of line compared to what the US can achieve. So what might transpire?
Read more...Hochul Temporarily Bans New Data Centers in NY Amid Scrutiny of Climate Impacts
Mirabile dictu! New York intends to make data centers hew to more stringent pollution, water use and energy cost/impact rules.
Read more...Knee Pain? Ragged Cartilage? Research Suggests Surgery’s Not the Best Answer
Some news you can use: on a dodgy knee procedure that while deservedly falling in popularity, is still being practiced.
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