Author Archives: Yves Smith
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.
Read more...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.
Read more...Trump Adds His Newly Appointed Fed Chair to His Enemies List
Trump’s venomous attack against a Fed rate hike Mr. Market demanded provides yet more evidence of his escalating grandiosity and paranoia.
Read more...Rob Urie: Hack-Bots Gone Wild – Agentic AI Does What it Was Created to Do (and Revisiting the Fake Bond Market Panic)
Some badly-needed sanity-checks on much-hyped stories: the agentic AI breakout and the (nowhere to be found) bond market freakout.
Read more...Iran War Quick Snippets: Trump Again Threatens Annihilation Amid Signs of Saudi-Ansar Allah Feelers
Today’s Iran war news: Trump defaults to ever be escalating even as his room for maneuver shrinks
Read more...Money Creation Does Not Cause Inflation
An apparently needed debunking of well-disproven theories that assert that money supply growth generates inflation.
Read more...Iran War: Saudi Transits Out of Strait of Hormuz Up Markedly But Diesel Crunch Acute as US Weighs Export Ban
Today’s Iran war news: More oil is exiting the Gulf than before, but diesel and food supplies are in a global crunch.
Read more...Professor Michael Hudson interview with Lena Petrova on BRICS and the Global Economy
Michael Hudson discusses BRICS, the posture of India, the energy crisis and the evolution to a new monetary order.
Read more...How the American Revolt Against Flock Cameras Mirrors the Boston Tea Party of 1773
Flock camera interventions illustrate that one man’s terrorist is another man’s freedom fighter.
Read more...Review: A Vision of a Future Where Machines Fight Wars
Former Defense official Frank Kendall envisions wars where vehicles and weapons operate largely on their own.
Read more...Iran War: Europe Oil and US Diesel Crunch Worsens; Tucker Exposes Massive Trump/Israel Bombing Campaign Right After Midterms; Experts Question Survival of Regimes in Saudi Arabia, Jordan
Today’s Iran war news: Things look more and more desperate for key actors: Trump, the Saudis, Jordan, and hapless energy consumers.
Read more...10 Ways Climate-Change-Altered Hurricanes May Come To Bite Us
What happens if sea level rise, hurricane wind strength, or other factors turn out worse than expected?
Read more...How South Korea Is Tackling Its Super‑Aging Problem – And What Other Aging Nations Can Learn From Its Experience
Aging societies should be seen as desirable by lowering resource demands. Some countries like South Korea seek to manage the economic shift.
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