Author Archives: Yves Smith

Iran War: US Lashes Out at Civilian Targets with Iran Claiming US Military Deaths in Disproportionate Retaliation on US Bases; Servicemembers Becoming Demoralized with Lack of Strategy, No-Win Situation

Today’s Iran war news: Iran upped the ante after the US made further strikes despite its eroding military supplies and morale.

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AI Off-Balance-Sheet Obligations Hit a Subprime-Like Reset Wall in 2027 and 2028

Trillions in take-or-pay compute commitments come due in 2027–2028. The hidden mechanics show how the AI boom breaks, and when.

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