The Lasting Economic Scars of War
War is even more destructive in economic terms than is widely acknowledged.
Read more...Author Archives: Yves Smith
Links 11/4/2025
Wall Street Journal Insults Reader Intelligence, Depicts Lenders as Addressing Loan Risks When That Horse Has Left the Barn and Is in the Next County
The Wall Street Journal does its readers no favors in its whole-hog adoption of the fraud spin in ‘splaining high profile loan losses.
Read more...Technology Empires and the Race to Cement Dominance
A look at how the US and China are seeking to achieve technology hegemonies, and the efforts of smaller countries to carve out niches.
Read more...Mission Impossible: Why the US Cannot Reverse Its Manufacturing Decline
Debunking magical thinking about the US regaining its manufacturing mojo at scale.
Read more...Medicare Advantage: Fraudulent and Misleading Marketing Lures Seniors into Plans Inferior to Traditional Medicare
A guide on the structure of Medicare Advantage, why it is a bad deal, and how to steer clear of aggressive and even fraudlent marketing.
Read more...Links 11/1/2025
Data, Power and Emissions: How AI’s Growth May Slow Down the Green Transition
AI’s power demands are producing heavier use of fossil fuels to generate electricity.
Read more...SNAP, the Nation’s Largest Food Aid Program, Is About To See Cuts. Here’s What You Should Know.
A court ruling will force the Administration to use emergency funds for SNAP benefits. But the money will run out in weeks. What then?
Read more...The Macroeconomic Implications of Extreme Weather Events: Insights from Advanced Economies
Economists are starting to come to grips with the costs of weather/climate change induced disasters. But are their approaches adequate?
Read more...A Few Thoughts About the Russian End Game in Ukraine and the Risk of Losing the Peace
New musings on what sort of conclusion to the war Russia might impose, and specifically, how Russia reduces its security risks.
Read more...Rage Against the ICE Machine
Anti-ICE protestors are showing signs of developing effective strategies and tactics.
Read more...Big Employers Using AI to Decimate White Collar Jobs; What Happens When Real Incomes, Employment, and Social Compacts Erode?
Big companies are cutting white collar jobs, because AI, and warn more is to come. What does this mean for the economy and social stability?
Read more...The Stage Is Set For a US-Instigated Security Dilemma Between the Eurasian Rimland & Heartland
The US and its major European and Asian allies have embarked on a Eurasia contaiment strategy. What are its prospects?
Read more...Trump Team Takes Aim at State Laws Shielding Consumers’ Credit Scores From Medical Debt
More wanton Trump Administration immiseration of the non-rich, here by blocking state efforts to bar credit reporting of medical debt.
Read more...