Could a Crash Halve Stock Prices?
US and UK stock prices are in nosebleed terrain. How far could they fall?
Read more...Author Archives: Yves Smith
Iran War: Trump Threatens More Intense Attacks as Advisors Push for Humanitarian Crisis by Hitting Food and Water Stores; Oil Rises to Over $100 a Barrel; Iran Warns UK; Trump Retrades Saudi Nuclear Deal with Abraham Accord Requirement
Today’s Iran war news: Trump may have aged out of his TACO habits and is readying new, potentially global-economy-wrecking, attacks on Iran.
Read more...Pakistan’s US-Iranian Mediation Services Were Just a Bid To Get a Multibillion-Dollar Bailout
As many suspected, Pakistan’s mediation between the US and Iran wasn’t a selfless diplomatic service for regional peace, after all.
Read more...The Kansas Community Fighting Data Centers Before They Arrive
Data center watchdog groups in Kansas farming areas seek to ward off applications and fight if it becomes necessary.
Read more...Iran War: Trump and Iran Exchange More Threats; Oil at $98 After Ansar Allah Tanker Strikes; House Passes $1.15 Trillion NDAA with Israel “Merger”; Trump Signs Saudi Nuclear Deal
Today’s Iran war news: Yet more threat display as the US moves more assets to the Middle East and Ansar Allah chokes oil supplies further.
Read more...The Global Food Crisis
A hard look at the possible severity of the coming global food crisis and how it demands new approaches to analysis and decisions.
Read more...Satyajit Das: Book Essay: “At the Risk of Being Pedantic…?”
The pedantic might relish that their vice can be a bit slippery to pin down.
Read more...Latest Chapter in Long-Running Kentucky Retirement Systems Case: Attorney General, Acting on Behalf of Private Equity Kingpins, Throws Legal Mud at Wall to See if Enough Will Stick to Confuse Judge Wingate
An update on the latest twists and turns in the astonishingly long-running Kentucky Retirement Systems case.
Read more...Links 7/22/2026
Iran War: Iran Rumored to Be Readying Big Attacks as Trump Vows More Escalation and Rubio Disses Talks; Brent Rises to $94 a Barrel as Hormuz Transits Fall, Ships Turn Away from Bab el-Mandeb; Hegseth Fried in Iran Hearings
Today’s Iran war news: How the US is clearly losing military as pressures are rising on the economic and political fronts.
Read more...Yanis Varoufakis: An Athenian View of America’s Democracy
At 250, America is now producing a mindless, raw power and exponentially growing instability.
Read more...More Testosterone Won’t Make a Better Soldier or a Tougher Man – Aggression and Strength Drive T Levels, Not the Other Way Around
Pete Hegseth is almost predictably wrong. His beliefs about testosterone supplementation are par for the course.
Read more...Links 7/21/2026
Iran War: Washington Post, Telegraph Confirm US Inability to Sustain War; Ansar Allah Closes Bab el-Mandeb Amid Reports of MBS Dethronement; Possibility of Nuclear Attack on Pickaxe Mountain
Today’s Iran war news: As the US becomes weaker and Iran gets stronger, will the US resort to a nuclear bomb?
Read more...Turkiye Is Poised To Open Up A New Containment Front Against Russia in the Black Sea
Turkiye committing to ensuring Ukraine’s maritime security poses a serious threat to Russia.
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