US natives did not see wage gains from ICE crackdowns. But the story looks more complicated than some suggest.
Recent Items
Friday, May 29, 2026
When ICE Ramped Up Enforcement, US‑Born Workers Didn’t See Any Economic Gains
Topics: Dubious statistics, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 3 Comments »
Links 5/29/2026
Topics: Links
Posted by Conor Gallagher at 6:58 am | 31 Comments »
Iran War: New Reports of Agreement on Memo of Understanding Effectively Shot Down by Bessent as He Also Repeats Threats Against Oman; Israel Attacks Beirut; More Warnings of Energy Price Cliff Plus Claim Trump Made Illegal Below-Market SPR Sales
Today’s Iran war news: More Axios “deal is sealed” fake news as real economy costs of continued conflict look even more dire.
Topics: China, Commodities, Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 6:53 am | 58 Comments »
In His “Radical Centralism” Essay, Tony Blair Is, As Usual, Talking His Book
And that book was written by Larry Ellison.
Topics: Guest Post
Posted by Nick Corbishley at 6:44 am | 8 Comments »
It’s Not Just High Gas Prices – Inflation Is Now Spreading Through the US Economy
Inflation is rising and set to become more severe and puts the Fed in a bind.
Topics: Commodities, Dubious statistics, Economic fundamentals, Energy markets, Guest Post, Macroeconomic policy, Middle East, Politics
Posted by Yves Smith at 2:02 am | 7 Comments »
Is the AI Data Center Boom Building the Infrastructure for Tokenization and Control?
If the AI bubble bursts, the data center build-up could become the infrastructure for economic tokenization and state surveillance
Topics: Coffee Break, Guest Post, Macroeconomic policy, Payment system, Surveillance state
Posted by Curro Jimenez at 2:00 pm | 18 Comments »
The Brits, French, & Germans Are Now Right on Russia’s Doorstep
Russia has cleared its throat about naked European escalatory threats and belligerent moves. What next?
Topics: Doomsday scenarios, Europe, Guest Post, Macroeconomic policy, Politics, Russia
Posted by Yves Smith at 9:55 am | 44 Comments »
Links 5/28/2026
Topics: Links
Posted by Conor Gallagher at 6:58 am | 51 Comments »
Iran War: US Attacks Iran for Second Day as Trump Rejects Leaked Iranian Outline of Terms, Threatens to Bomb Oman; US Draining of Strategic Petroleum Reserve to Contain Energy Prices Means Energy Cliff Arrives Sooner
Today’s Iran war update: The US and Iran trade blows as Trump forcefully rejects fundamental Iran demands and Israel pounds Lebanon.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Energy markets, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 5:15 am | 140 Comments »
Electile Dysfunction—Why Can’t the Democrats Get Their Polls Up?
Quelle surprise! The Democrats will not attend to the material needs of its traditional popular base because it is thrall to its donor class.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, Privatization, The destruction of the middle class
Posted by Yves Smith at 4:00 am | 42 Comments »
Satyajit Das: Book Essay: In Western Eyes – A History of the idea of the West
A treatise on what the idea of the West falls short on synthesis but still provides good grist for discussion.
Topics: Europe, Globalization, Guest Post, Politics, Russia, Social values, UK
Posted by Yves Smith at 2:05 am | 6 Comments »
Coffee Break: Trump-Endorsed Paxton Crushes Bush-Era Relic Cornyn
Primary runoff elections in Texas show that the two most dangerous threats to incumbent politicians are Donald Trump and AIPAC.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 21 Comments »
Blair Invokes AI to Revive TINA, Denying TIARA
Swamp creature Tony Blair emerges to tell the suffering public that they should accept even more hardship because AI.
Topics: Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Guest Post, Income disparity, Politics, Privatization, Regulations and regulators, Technology and innovation, The destruction of the middle class, UK
Posted by Yves Smith at 9:55 am | 38 Comments »
Links 5/27/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 55 Comments »
Iran War: Negotiations Deadlocked on Fundamental Issues as Media Keeps Up Happy Talk; Iran Promises Retaliation as US Still Coiled to Strike
Today’s Iran war news: Much of the media depicts to-ing and fro-ing as progress while Israel escalates in Lebanon and the energy cliff nears
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:56 am | 138 Comments »



