What Wordle play says about markets and bubbles.
Recent Items
Wednesday, December 10, 2025
Wordle, the Wisdom of Crowds, and Bubbles
Topics: Guest Post, Investment management, Market inefficiencies, The dismal science
Posted by Yves Smith at 9:55 am | 1 Comment »
Links 12/10/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 48 Comments »
Moral Means Testing: Utah’s Isolated Homeless “Campus” to Require Education of the Soul Under Trump-Led Push To Divert Attention from Economic Causes of Crisis
Utah aims to produce a model for Trump plan—an isolated “Accountability Campus” where commits will be reformed. Other states and localities are not far behind.
Topics: Income disparity, Market inefficiencies, Moral hazard, Private equity, Privatization, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 10 Comments »
How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Topics: Banana republic, Banking industry, Credit markets, Economic fundamentals, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Real estate, The destruction of the middle class
Posted by Yves Smith at 5:23 am | 21 Comments »
Coffee Break: Armed Madhouse – The Death of Full Spectrum Dominance
The 2025 National Security Strategy is being read as another Trumpist manifesto, but buried in the text is something far more consequential: Washington’s first formal admission that Full Spectrum Dominance is dead. The NSS concedes that the US can no longer fund the military, industrial, and diplomatic machinery required for unipolar primacy, and quietly writes the obituary for the post–Cold War order it was supposed to sustain.
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 25 Comments »
Trump’s Idea for Health Accounts Has Been Tried. Millions of Patients Have Ended Up in Debt.
A look at Trump’s non-solution to the looming problem of the expiration of Covid-era ACA subsidies.
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 9:55 am | 21 Comments »
Links 12/9/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 107 Comments »
The UK Government’s Plan to Resurrect the Public Finance Initiative (PFI) Is the Definition of Financial Insanity
The Starmer government, desperate to keep its public borrowing in check, is bringing back (in the words of a senior City of London banker) a “fraud on the people.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 7 Comments »
Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
Topics: China, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Investment outlook
Posted by Yves Smith at 5:55 am | 41 Comments »
The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Topics: Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Guest Post, Infrastructure, Investment outlook, Politics, Ridiculously obvious scams, Technology and innovation, The dismal science
Posted by Yves Smith at 5:55 am | 2 Comments »
President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump
Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.
Topics: Currencies, Globalization, Guest Post, India, Investment management, Investment outlook, Politics, Russia
Posted by Yves Smith at 4:45 am | 15 Comments »
Coffee Break: Informational Force-Feeding Divides and Distracts
Informational force feeding via digital news deluge, deliberate disinformation, and divisiveness is turning our brains to pâté and Ambassador Mike Huckabee, Larry and David Ellison, and the Palantir bros are among those cooking up the foie gras.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 18 Comments »
What’s the Likelihood of a NATO-Russian Non-Aggression Pact?
How Poland will play an essential role in what happens next between with NATO and Russia.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 9:55 am | 21 Comments »
Links 12/8/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 76 Comments »
Revulsion, La Grande Bouffe, and the Spectacle of Grotesque Elite Self and System Destruction
Why our elites, starting with the top ranks in the Trump Administration, are disgusting.
Topics: Doomsday scenarios, Economic fundamentals, Europe, Free markets and their discontents, Income disparity, Politics, Russia, Social policy, Social values, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 6:50 am | 122 Comments »



