The second upward revision of GDP is a headscratcher in light of other data and on the ground reports. Can readers help make sense of this?
Recent Items
Friday, September 26, 2025
What Slowdown? Q2 GDP Growth Revised Up to Hot Zone of 3.8%, Stronger Consumer Spending & Private Fixed Investment
Topics: Dubious statistics, Economic fundamentals, Guest Post, Income disparity, Investment outlook
Posted by Yves Smith at 9:55 am | No Comments »
Links 9/26/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 33 Comments »
Washington’s Debt Trap Diplomacy and Election Meddling in Argentina
This unprecedented decision by the Trump administration to bail out Argentina directly has more to do with geopolitical considerations than economic ones.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 5 Comments »
Trump Again Applies His Tariff Wrecking Ball to US Citizens and Businesses with 100% Levy on Imported Patented Drugs, 25% on Imported Trucks, 30% to 50% on Furnishings
Trump is again deploying his tariff weapon, mainly at hapless American patients and consumers….and Indian drugmakers.
Topics: Banana republic, China, Health care, Income disparity, India, Politics, Taxes, The destruction of the middle class
Posted by Yves Smith at 6:43 am | 9 Comments »
Masters and Minions and Muppets, Oh My!
Time for muppets to develop class consciousness and unite.
Topics: Banana republic, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 4:15 am | 13 Comments »
From Al-Qaeda to Antifa: “Phantom Terror” Turned Inward and the Rise of a New State
Politics begins by naming an enemy; the state depends on it. Calling Antifa “terrorist” could be the tool to redefine both politics and power
Topics: Coffee Break, Politics, Social policy, Surveillance state
Posted by Curro Jimenez at 2:00 pm | 16 Comments »
Naked Capitalism Fundraiser 2025: Finding High Ground as the Tsunami Rolls In
Fundraiser 2025 begins! Help make it our best ever!
Topics: Notices
Posted by Yves Smith at 12:14 pm | 21 Comments »
Fundraiser 2025: What We Did for You in the Past Year
It may sound immodest, but we really did rise to the occasion of the 2025 madness. Support this fundraiser so we can do even more in 2026!
Topics: Notices
Posted by Yves Smith at 12:14 pm | 3 Comments »
AI Will Soon Have a Say in Approving or Denying Medicare Treatments
The Trump Administration plans to launch a new war against citizens, here via a pilot scheme to use AI to cut Medicare services.
Topics: Guest Post, Health care, Income disparity, Politics, Ridiculously obvious scams, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 20 Comments »
Links 9/25/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 135 Comments »
Satyajit Das: Stablecoins – Invention Looking For A Problem?
Satyajit Das sets forth the very strong case against stablecoin.
Topics: Banana republic, Banking industry, Currencies, Economic fundamentals, Free markets and their discontents, Guest Post, Payment system, Politics, Regulations and regulators, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:00 am | 8 Comments »
NATO Might Try to Down Russian Jets on The False Pretext That They Violated Its Airspace
Why some European members of NATO might attempt the reckless escalation of attacking Russian military assets.
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:30 am | 33 Comments »
How the First Amendment Protects Americans’ Speech − and How It Does Not
A law professor gives an overview of the extent of and limits on First Amendment rights.
Topics: Guest Post, Legal, Media watch, Politics
Posted by Yves Smith at 3:44 am | 14 Comments »
Coffee Break: Palantir, Peter Thiel, Alex Karp, and the Antichrist
Palantir co-founders Peter Thiel and Alex Karp almost embody the zeitgeist of 2025 with Palantir’s use of AI for ICE and the IDF, their Trump affiliations, and their outspoken views on the Antichrist and “Western Civilization.”
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 47 Comments »
Wall Street’s Deregulation Agenda Will Cost Everyday Americans Everything
Trump administration financial deregulation, eliminating services and eviscerating oversight and enforcement, sets people up for harm
Topics: Banking industry, Credit cards, Credit markets, Free markets and their discontents, Guest Post, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 9:57 am | 9 Comments »