How conventional thinking on how the dollar would respond to Trump tariffs missed a key factor: retaliation.
Recent Items
Wednesday, September 3, 2025
Tariffs and US Dollar Depreciations: Not So Surprising After All
Topics: Credit markets, Currencies, Economic fundamentals, Globalization, Guest Post, The dismal science
Posted by Yves Smith at 9:55 am | 1 Comment »
Links 9/3/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 23 Comments »
What Happens as Trump’s Losses Mount?
What will Trump do as his policy backfires become too large and frequent to deny?
Topics: Legal, Media watch, Politics
Posted by Yves Smith at 6:40 am | 32 Comments »
Social Murder as a Necropolitical Governance Technology
What is social murder, why is it increasing, and how to fight it.
Topics: Banana republic, Free markets and their discontents, Income disparity, Legal, Market inefficiencies, Moral hazard, Privatization, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 1 Comment »
U.S. Utilities Put in a No-Win Position by Phantom Data Centers
AI players are gaming utilities, and creating high odd of bad outcomes for other customers, by making duplicate orders for power.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Guest Post, Regulations and regulators, Technology and innovation
Posted by Yves Smith at 1:38 am | 14 Comments »
Coffee Break: Armed Madhouse – The Two Faces of Palantir
The powerful software tools developed by Palantir are sold to defense and intelligence agencies to protect against exteranl threats, but they also have the destructive potential of enabling domestic political repression.
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 15 Comments »
James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory
Contrary to some economists’models, salaries aren’t constantly reset based on skills or technology. They follow the economy and politics.
Topics: Economic fundamentals, Federal Reserve, Guest Post, Technology and innovation, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 14 Comments »
Links 9/2/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 136 Comments »
UK Consumer Study Sounds Alarm About Security Risks of Mobile Wallets
As the problem of digital bank fraud grows, one issue that will become increasingly heated is who should pay for it.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 7 Comments »
Trump’s Appellate Court Tariff Loss: It Isn’t Over Until the Fat Lady Sings
Trump is likely to win his retaliatory tariff battle at the Supreme Court and even if not, he’s too fond of this bludgeon to give it up.
Topics: China, Commodities, Economic fundamentals, Globalization, Legal, Politics, Taxes, The destruction of the middle class
Posted by Yves Smith at 6:14 am | 19 Comments »
The Destruction of the Socialist Federal Republic of Yugoslavia
A detalied history of the two incarnations of Yugoslavia and how the state unraveled.
Topics: Europe, Guest Post, Politics
Posted by Yves Smith at 1:10 am | 36 Comments »
Coffee Break: Gavin Newsom Weaponizes ‘Dark Woke’ Cringe Against Trump
California Governor Gavin Newsom is using a cringe-worthy “dark woke” approach to counter President Trump on social media that is getting positive poll results.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 65 Comments »
Links 9/1/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 119 Comments »
Farcical Visions of Competitiveness in the EU
What will stop these maniacs first? A popular revolt putting them in padded cells or Russian strikes?
Topics: China, Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Investment outlook, Russia, Social policy, Social values
Posted by Conor Gallagher at 6:00 am | 16 Comments »
Book Review: This Is Your Brain On Nature
In “Nature and the Mind,” Marc Berman uses neuroscience to show how interacting with nature benefits mental health.
Topics: Curiousities, Environment, Guest Post, Science and the scientific method
Posted by Conor Gallagher at 5:00 am | 26 Comments »