Easy Money Does Not Win Elections
Why politicians’ complaints that central banks are hurting them by not lowering the cost of money are nearly always wrong.
Read more...Author Archives: Yves Smith
Iran War: Trump Freezes as Israel and AIPAC Assess Damage, Vance Admits Iran War as Key to Epic Defeat; White House Clip Touting Trump Defiance Includes “Wolf of Wall Street” Fraudster
Today’s Iran war news: A chastened Trump has held back on his Iran strike plans. But is he relenting or just regrouping?
Read more...Satyajit Das: Golden Mythologies
Why gold does not necessarily glitter as an investment.
Read more...How China Accidentally Broke the West’s Monopoly Over the Weapons Trade
Not surprisingly,. given how overpriced and fussy US weapons are, China is moving in.
Read more...Short Supplies of Large Power Transformers Stymie Changes to US Electricity Grid
An explanation of why large electrical transformers have become a chokepoint in grid upgrades and expansion, crimping data center plans.
Read more...Midterms Deliver Epic Trump Rebuke. So What Might Come Next?
Trump has taken a very public beating. Will Team Dem show a bit more respect for the will of voters than usual?
Read more...Democrats in House Poised to Investigate the Trump Administration
Democrats have been rumbling that they will investigate Trump and his cronies. Will they go ahead or become the dog that caught the car?
Read more...How Government Spending Can Pay for Itself: The Multiplier Effect Explained
A primer on the fiscal multiplier, a topic likely to come back into vogue as calls for austerity seem set to rise.
Read more...Links 11/3/2026
Accelerating Health Care Cuts for Poor and Lower Income Set to Create Public Health Crisis
One reason for the expected Trump rout today: de facto denial of health treatments due to Federal cuts and spiraling costs.
Read more...Boiling Point: The Road to War and Ukraine’s Uncertain Future
A new book, Boiling Point, covers the backstory of and prospects for the Ukraine conflict, debunking many pet media tropes.
Read more...The Boom Before the Bust: From the Roaring Twenties to the Great Depression
Was an investment boom in the face of saturated markets the ultimate cause of the Great Depression?
Read more...Junk Bond Market Starts to Crack, in Further Sign AI End Game is Nearing
Some fresh takes on increasing indigestion in the junk bond market, which is set to cut AI access to affordable, or even any, new borrowing
Read more...Links 10/31/2026
Oligarchs and Elections, the Endgame
Rob Urie looks at the issue that ought to be on midterm ballots: oligarchs’ power and the policies needed to reduce it.
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