The dollar’s role as reserve currency has been eroding gradually. Rash action has accelerated the trend but not as much as you may think.
Recent Items
Tuesday, September 1, 2026
Dollar Dominance Eroding Slowly But Surely
Topics: China, Currencies, Economic fundamentals, Europe, Globalization, Guest Post, Investment management, Investment outlook, Payment system, Politics
Posted by Yves Smith at 9:55 am | No Comments »
Links 9/1/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 32 Comments »
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.
Topics: Banking industry, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Hedge funds, Investment outlook, Politics, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 6:54 am | 18 Comments »
AI-enabled Cyber Attacks Pose Major Threat to Global Financial System, Warns Financial Stability Board
G20 finance ministers are being urged to prepare for “more severe scenarios involving simultaneous disruption across multiple firms or shared technology dependencies”.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 2 Comments »
How the US Is Plaguing the Americas With Misery in the Name of Liberty
On the US’ long history of running roughshod over the rights of its Americas neighbors while invoking “liberty”.
Topics: Guest Post, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 4:09 am | 3 Comments »
Coffee Break: A Trump Scampire Bank With No Capital and A Dem Party With No Values Beyond Crushing the Left
Trump has somehow managed to make his stablecoin scampire even worse by bringing in the UAE, the Dem zio-centrist establishment is going all-in on war with Hasan Piker, while Dem candidates miss massive opportunities to connect with voters.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 51 Comments »
Why We Need to Elect More Workers to Public Office
Getting more workers into legislatures is the only way to build a government for ordinary Americans.
Topics: Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 8/31/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 81 Comments »
Iran War: Iran Retaliates Disproportionately to US Attack on Larak Island as WaPo Detailed Pentagon Leak Shows Navy Incapacity, Top Level Opposition
Today’s Iran war news: Kinetic action flares up as the US hits Larak Island and Iran retaliates….and Bessent’s bazooka fails to fire.
Topics: Credit markets, Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Media watch, Middle East, Politics
Posted by Yves Smith at 5:41 am | 54 Comments »
The Ukrainization of Europe Picks Up Steam
The UK and others dare Russia as Washington warns Moscow—or is it Russia warning the US?
Topics: Doomsday scenarios, Europe, Politics, Russia, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 34 Comments »
‘Where Things Get Tricky’: Daniel Swain on the Ocean, El Niño, and Climate Change
A climate scientists weighs in on what we can and can’t expect from an El Niño supercharged by the climate crisis.
Topics: Environment, Global warming, Guest Post
Posted by Conor Gallagher at 4:00 am | 8 Comments »
Links 8/30/2026
Topics: Links
Posted by Haig Hovaness at 6:55 am | 135 Comments »
The Sunday Morning Movie Proudly Presents: Alice (1988) Run Time: 1H 33M Plus Bonuses!
Alice is a very weird take on Alice in Wonderland.
Topics: Guest Post
Posted by semper loquitur at 6:30 am | 6 Comments »
Nuclear Safeguards Are Gone – Former Canadian Foreign Minister Pt. 1/2
Lloyd Axworthy, the former Canadian Foreign Minister who led the campaign to ban landmines, traces how the memory of nuclear danger has faded even as more countries flirt with joining the club.
Topics: China, Doomsday scenarios, Europe, Middle East, Russia
Posted by Conor Gallagher at 6:00 am | 8 Comments »
Links 8/29/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 135 Comments »




