Author Archives: Yves Smith

SOS! Desperately Seeking Procrastinators! Last Call for Our 2026 Fundraiser!

Final call for our 2026 fundraiser! Please stop by our Tip Jar and chip in for yourself and for this community. You’ll be glad you did!

Canary in the Coal Mine? Office CMBS Delinquency Rate Re-Spikes to 12.2%, Far Worse than Financial Crisis Peak

CMBS managers shift from “Survive till ’25” (when low interest rates were supposed to return) to “Sell at today’s price, or the lender will.”

Iran War: Saudi-Backed Forces Launch Major Yemen Campaign; More on Oil Transits and Economic Conditions

Today’s Iran war news: As the Saudis double down on failure with a new Yemen offensive, the debate over the state of oil and the economy continues.

Yippie! Met Our Sixth Goal, On to Our Seventh: More Original Reporting

We’ve just started on our final goal, original reporting. Can you make this fundraiser a great success by chipping in now?

Naked Capitalism: Your Priceless One-Stop Shopping for What Is Really Going on, and Why

Naked Capitalism is unique in the breadth and depth of its coverage and its nose for driving forces. Contribute generously for all our sakes!

Why Might Putin Finally Decide to Bring Ukraine to Its Knees After Nearly Five Years?

Korybko makes a strained argument about Putin’s motives for decisive action in Ukraine. It is nevertheless is useful grist for discussion.

Naked Capitalism Has Outlasted Larry Summers

Per Max Planck, science progresses one funeral at a time. Does economics advance bit by bit via career deaths of neoliberals like Larry Summers?

Links 10/3/2026 Plus Short Iran War/Narrative Note

Patient Dies by Suicide After ‘Insurance Issue’ Delayed Medicine for Lung Disease Flare-Ups

Another example of why St. Luigi is celebrated: death due to profit-stoking health insurance negligence is not isolated and set to rise.

With the Trial of ‘Ulm5’ Activists, Germany Looks More and More Like a Police State

The trial of Palestinian rights activists reveals Germany’s neofascist playbook for silencing dissent and its complicity in Israel’s genocide.

Hooray! Met Our Fifth Goal, On to Our Sixth: Karōshi Prevention

Please dig deep to support this fundraiser, including keeping Yves in fighting form.

URGENT: Art_DogCT Returns for New “Double Your Donation” Challenge

Reader Art_DogCT rides to our rescue with a new “Double Your Donation” as this fundraiser comes short. But he needs your help! Please chip in.

At the Bottom of the Oil Barrel, There Is No Baseline for the Future

How JP Morgan and Russia’s central bank chief Nabiullina are signaling serious recessionary risk due to the global oil shock.

The Trouble with Flock Cameras Is the Surveillance System’s Architecture, Not Just Some of Its Users

How Flock’s own actions confirm that Flock and other surveillance schemes need legal limits, not mere promises of good behavior.