Author Archives: Yves Smith

Links 9/6/2025

Michael Hudson: SCO and BRICS 2025

The SCO meeting looked to be a great success. But what can we expect in folllow through?

The Power of Siberia 2 Pipeline Deal Signifies the Failure of Trump’s Eurasian Grand Strategy

The consummation of the Russia-China Siberia 2 pipellne pact is yet another US policy backfire

The British Media Again Ignores the Corbyn Insurgency

As Nigel Farage dominates headlines, Jeremy Corbyn is being overlooked by the media – just as he was in 2017

Financial Times Study, Finding Blacks Twice as Likely as Whites to Have Mortgage Applications Rejected, Reignites Debate Over Discrimination

A Financial Times study stirs the pot with a new analysis: blacks and other out groups still face considerable discrmination in lending

Trump Floats Idea of Declaring Housing Emergency: Another Self-Sabotage Operation?

Quelle surprise! The Scott Bessent announcement of a possible Trump housing emergency made it sound like a stunt, not a plan.

Michael Hudson: Eurasian World Order – New Global Governance

Michael Hudson discusses hot topics, such as the implications of the SCO conference and Xi’s global governance proposal.

“At CDC, Worries Mount That Agency Has Taken Anti-Science Turn”

How the debate over RFK, Jr. imposing big policy changes at the CDC illustrates the depth of tribalism in American discourse.

Charter Cities Attempting to Create a Libertarian Paradise

Libertarians are engaging in colonialism 2.0 by setting up self-governing enclaves in poor countries.

Tariffs and US Dollar Depreciations: Not So Surprising After All

How conventional thinking on how the dollar would respond to Trump tariffs missed a key factor: retaliation.

What Happens as Trump’s Losses Mount?

What will Trump do as his policy backfires become too large and frequent to deny?

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.

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.

Links 9/2/2025

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.