Author Archives: Yves Smith

Announcing Reader Art_DogCT’s “Double Your Donation” Inheritance Challenge!

Reader Art_DogCT is using an unexpected inheritance to fund a Double Your Donation challenge. Please take him up on his generous offer!

No Country Makes Its Own Inflation

Sixty years of data show inflation moving in step across the world. Economic theory still treats it as a national affair.

Larry Johnson: A Modest Threat – Donate Now, or Meet the President in Natural Light

Larry Johnson explains more than a bit earnestly why it is in your best interest to donate to Naked Capitalism.

The Urgency of Recognizing the Ansar Allah Government in Yemen

A look at the conflict in Yemen after a repressive, US backed government fell, with Ansar Allah having played a major role in its overthrow.

Hooray! Met First Goal Quickly! On to the Second: Supporting the Commentariat

The commentariat is one of Naked Capitalism’s big strengths. But it takes a lot of minding for that to happen! Please support that effort!

Links 9/22/2026

Iran War: Trump Signs of Desperation Increase as Bessent Seeks to Bar Iran Airline Flights Right Before Official UN Visits; More on Strait of Hormuz Fuel Transits

Today’s Iran war news: Things are deceptively quiet as the fall UN General Assembly meetings and Xi’s summit with Trump approach.

Satyajit Das: The Trump Capital Wars

Satyajit Das worries that the US may impose capital controls. Is that concern warranted?

Fundraiser 2026: Finding the High Ground in the Informational Fog

Fundraiser 2026 begins! Please give generously to back wide-ranging, penetrating news coverage, analysis, and a great commentariat.

Fundraiser 2026: What We Did for You in the Past Year

Naked Capitalism rose to the challenge of 2026 breakdowns with steely-eyed coverage. Give generously to keep us unbought and unbossed.

CalPERS Awards Marcie Frost Nearly $1.8 Million Total Compensation, for 18.33% CAGR in Increases Since Hiring in Violation of Her Pay Parameters; Board Dissenters Punished

CalPERS’ CEO Marcie Frost’s pay is so high that it elicits pushback from retirees and casual observers and also violates comp structure rules

Links 9/19/2026

Global Shipping Costs Explode as Hormuz Disruptions Hit Key Trade Routes

Maritime shipping costs are rising sharply, with no end in sight. That means more inflation and shortages.

New Jobs in 140 Years of Data: Why the AI Displacement Fear Is Overstated — and What to Worry About Instead

The long historical record shows that big technology changes like AIdo not get rid of many job types but does change their content.