“The US Trade Deal Is a Bad Deal, and It Has the Potential to Get Worse”
The first US trade “deal”, with the UK, looks as ugly as one might have expected.
Read more...Author Archives: Yves Smith
Currency Wars, Class Warfare, and the Republican Dilemma Over Medicaid
Faced with a shrinking list of options to trim the budget, Republicans are now eyeing Medicaid – but will that fly among Trump supporters?
Read more...Palantir Revisited: Who’s Us in Us vs. Them?
Further discussion of the reductivist “Your with us or your against us” world view, which Newspeak-wise, is being reduced to hatred of Them.
Read more...Martin Wolf’s “The old global economic order is dead”
A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.
Read more...Karma Arriving? Times of Israel Frets Over Trump Abandonment With Houthis and Perhaps Even Iran
Is Trump leaving an overextended Israel to its own devices with his Yemen deal and Iran talks?
Read more...A US or UK Hidden Hand? “How an India-Pakistan War Could Derail Central Asia’s Future”
Pakistan’s Prime Minister Asif contends that acting as a US operative helped prime the current India-Pakistan conflict. Does he have a point?
Read more...Trump Team’s $500 Million Bet on Old Vaccine Technology Puzzles Scientists
Some raised eyebrows over a Trump Administration big spend for a possible flu vaccine.
Read more...Predictive Policing AI Is on the Rise − Making It Accountable to the Public Could Curb Its Harmful Effects
Predictive policing experiments continue, despite poor results to date. Can this approach be made non-abusive?
Read more...Links 5/7/2025
Roaring Tariffs: The Global Impact of the 2025 US Trade War
A model of the economic effects of various tariffs war scenarios shows even the likley “least bad” outcome is stilll pretty bad.
Read more...Billionaire Blasts Private Equity’s Continued Grifting as Performance Falls Further
The once-above-criticism private equity industry is on the receiving end of long-overdue takedowns, some of them pointed.
Read more...Links 5/6/2025
Distributional and Macroeconomic Effects of Trump 2.0: The Rich Get Richer and the Poor Get Poorer
The likely outcome of Trump policies are a recession, a rise in inequality, and a further fall in living standards of working and middle-class Americans
Read more...At Social Security, These Are the Days of the Living Dead
More proof at Social Security of the damage done by letting DOGE run wild.
Read more...Trump’s Neverending Tariffs War? Proposes 100% Tariffs on Foreign Movies; De Minimus Exclusion Ends, Hurting the Poor; Financial Times on Tariff Evasion, Official and Via Trans-Shipment
A battlefield update on Trump’s tariff wars.
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