Did huge oil discoveries trigger for the Great Crash? And if so, what does that tell us about AI risk versus its overextended stock valuations?
Recent Items
Friday, October 30, 2026
James Galbraith: What Can the Last Great Crash Say About the Next One? Oil, AI, and the Perils of Technological Revolution
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Investment outlook
Posted by Yves Smith at 4:07 am | 1 Comment »
The Road to a United States of Europe Is Paved with Protests
Deepening EU integration protects the euro but disempowers national states, sparking protests from citizens seeking a lost status quo.
Topics: Coffee Break, Europe, Macroeconomic policy, Politics, Social policy
Posted by Curro Jimenez at 2:00 pm | 15 Comments »
How the Law Protecting Americans from Surprise Medical Bills Is Driving Up Healthcare Costs
Provider chicanery is producing the perverse outcome that curbing surprise billing is blowing out healthcare charges elsewhere.
Topics: Guest Post, Health care, Politics, Private equity, Regulations and regulators
Posted by Yves Smith at 10:57 am | 13 Comments »
Links 10/29/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 106 Comments »
Former CalPERS CFO Charles Asubonten Continues His Over Three-Year, Failed Legal Campaign to Silence Naked Capitalism Reporting With New Federal Suit in the Northern District of Alabama
Former CalPERS CFO Charles Asubonten doubles down on a losing legal campaign intended to silence Naked Capitalism.
Topics: CalPERS, Documents, Legal, Media watch
Posted by Yves Smith at 6:18 am | Comments Off on Former CalPERS CFO Charles Asubonten Continues His Over Three-Year, Failed Legal Campaign to Silence Naked Capitalism Reporting With New Federal Suit in the Northern District of Alabama
Charles Asubonten v. Aurora Advisors Incorporated: Filed in Maryland February 2024, Dismissed April 2025, Appeal Dismissed July 2026, Motion to Reconsider Denied August 2026
The second unsuccessful case by Charles Asubonten seeking to silence Naked Capitalism’s reporting.
Topics: CalPERS, Documents, Legal, Media watch
Posted by Yves Smith at 6:17 am | Comments Off on Charles Asubonten v. Aurora Advisors Incorporated: Filed in Maryland February 2024, Dismissed April 2025, Appeal Dismissed July 2026, Motion to Reconsider Denied August 2026
Charles Asubonten v. Susan Webber: Filed in Maryland in July 2023, Dismissed February 2024
The first in a pair of Charles Asubonten’s groundless and unsuccessful cases against Naked Capitalism’s reporting.
Topics: CalPERS, Documents, Legal, Media watch
Posted by Yves Smith at 6:16 am | Comments Off on Charles Asubonten v. Susan Webber: Filed in Maryland in July 2023, Dismissed February 2024
Mirable Dictu! AI Is Set to Destroy Major Software Quasi Monopolies
Will AI software clones wreck the predatory business models of giants like Adobe and Microsoft? One can hope.
Topics: Free markets and their discontents, Guest Post, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:06 am | 64 Comments »
Satyajit Das: On Cinema – The Wages of War
Another Satyajit Das thematic sampling from cinema and discussion, here on war.
Topics: Curiousities, Doomsday scenarios, Guest Post, Social values
Posted by Yves Smith at 5:23 am | 29 Comments »
Coffee Break: Elon Musk Has a Hand in Everything from Anthropic to Skydance to Texas Politics
Elon Musk is playing an outsize role in media, politics and tech in his dealings with Skydance, Anthropic, and Texas Gov. Greg Abbott.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 12 Comments »
Americans Hit Hardest by War-Driven Oil Price Surge
Despite Trump’s claims otherwise, American consumers and businesses are the lead victims of Gulf-War-induced oil price increases.
Topics: Commodities, Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Guest Post, Middle East, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 11 Comments »
Links 10/28/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 85 Comments »
The Coming Global Spring
Expect regime change operations to shift into overdrive as destabilizing economic damage from war-induced food and energy crises mounts.
Topics: Agriculture, Doomsday scenarios, Energy markets, Free markets and their discontents, Global warming, India, Middle East
Posted by Conor Gallagher at 5:00 am | 13 Comments »
China Continues to Struggle With Overcapacity in Electric Cars, Other Sectors
While the West has less than stellar economic prospects, persistent overcapacity in China threatens destructive deflation.
Topics: Auto industry, China, Dubious statistics, Economic fundamentals, Energy markets, Europe, Globalization, Politics
Posted by Yves Smith at 4:55 am | 39 Comments »
RFK Jr. Condemned Over Baseless and ‘Nakedly Racist’ Anti-Arab Rant at Rogers Event in Michigan
RFK Jr.’s anti-Arab diatribe confirms the charge that all Trump ultimately has to offer is white supremacy.
Topics: Guest Post, Middle East, Politics, Social values
Posted by Yves Smith at 1:46 am | 77 Comments »


