Establishment Democrats Still Don’t Get Why They Lost in 2024
Democrats can’t face that they don’t have a message because having one with broad appeal would alienate too many powerful factions.
Read more...Author Archives: Yves Smith
Iran War: Trump-Netanyahu Dust-Up Over Negotiations – Bona Fide or Deception? Oil Speculators Cheer Three Supertankers Leaving Gulf, as Continued Bond and Financial Market Decline Seems Likely
Today’s Iran war news: Some oil leaving the Gulf gave markets a boost, but the US-Iran impasse remains, along with US attack threats.
Read more...Satyajit Das: The Global Economy – A Very Uncertain Future!
Satyajit Das looks at the big stressors on the global economy and find that governments will be unable to do much to alleviate them.
Read more...Norway Wants To Lead a “Viking Bloc” for Containing Russia in Northern Europe
Norway seeks to lead a small but arguably well-located group of nations to impede Russia. Yes, seriously.
Read more...Why Public Policy’s Core Value Should Be Equality
Humans have a strong, evolution-based desire for fairness and equality, yet they are more and more neglected in policy design.
Read more...Links 5/20/2026
Iran War: US Experts and Iran Still Expect Major Attack; Wall Street Journal Debunks Trump Claim of Gulf State Intervention; Bond Rout Intensifies
Today’s Iran war update: The US still looks to be planning to resume the war against Iran even as the bond market rout intensifies.
Read more...Michael Hudson Warns: Imminent Economic Catastrophe – War, Oil Crisis & Bond Market Panic
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
Read more...Are People Just “Lower-Value Human Capital”?
In case you did not get the memo, human capital is now officially inferior.
Read more...Links 5/19/2026
Iran War: Trump’s Latest TACO on Iran Strike Pits Gulf States Against Israel; Bond Market Tremors Add to Hard-to-Deny Signs of Economic Stress
Today’s Iran war update: Has seemingly irresistible force Israel met immovable objects in the form of Gulf states and the bond markets?
Read more...Seasonal Patterns That Farmers Trusted for Generations Have Suddenly Turned Unpredictable
Intense rains, extreme heat, and unstoppable pests are wiping out crops and farmers’ livelihoods as climate change scrambles the weather.
Read more...Macroeconomics of Tariffs with Global Production and Finance Networks
A new model that incorporates more real world factors than standard approaches finds that tariffs can do more damage than previously thought.
Read more...Iran War: Trumps Makes New Threat as Buildup Continues; Middle East Data Centers, Key to US Military, at Risk; More Recognition of Risk of Shortages Like Impact of Scarce Diesel
Today’s Iran war update: Trump again bares his teeth and makes escalatory moves as the global economy starts to bleed out.
Read more...Breaking: Ukraine Fires Hundreds of Drones at Moscow
Zelensky tries to show some muscle in a large drone attack on Moscow. Will Putin finally drop the hammer?
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