Some Europeans seem way too eager to find any excuse to justify militarizing against Russia.
Recent Items
Wednesday, September 2, 2026
The Leipzig Incident Has All the Hallmarks of a False Flag Against Russia
Topics: Doomsday scenarios, Europe, Guest Post, Media watch, Politics, Russia
Posted by Yves Smith at 10:35 am | 11 Comments »
Artificial Traders in Real Markets
What does more and more deployment mean for the operation of financial markets?
Topics: Guest Post, Investment management, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 9:55 am | 1 Comment »
Links 9/2/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 48 Comments »
Iran War: US Lashes Out at Civilian Targets with Iran Claiming US Military Deaths in Disproportionate Retaliation on US Bases; Servicemembers Becoming Demoralized with Lack of Strategy, No-Win Situation
Today’s Iran war news: Iran upped the ante after the US made further strikes despite its eroding military supplies and morale.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 5:09 am | 68 Comments »
Culling the Herd? The US Accelerates the Destruction of Its Own Food System
At what point is it not just coincidental incompetence?
Topics: Commodities, Doomsday scenarios, Food, Global warming, Globalization, Market inefficiencies, Social policy, Social values
Posted by Conor Gallagher at 5:00 am | 28 Comments »
The Macroeconomic Roots of the Collapse of the Political Center in the US
The collapse of America’s political center is the result of an economy that has abandoning ordinary workers for decades.
Topics: Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 2:38 am | 8 Comments »
Coffee Break: Armed Madhouse – Can U.S. Submarines Defeat China?
The United States possesses 48 nuclear-powered attack submarines, but inventory is not combat power. Maintenance, deployment cycles, competing missions, Pacific geography, finite weapons, rearmament, and attrition progressively discount the force that could actually be sustained against China. This analysis asks how much usable submarine combat power remains after those constraints are recognized.
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 14 Comments »
Dollar Dominance Eroding Slowly But Surely
The dollar’s role as reserve currency has been eroding gradually. Rash action has accelerated the trend but not as much as you may think.
Topics: China, Currencies, Economic fundamentals, Europe, Globalization, Guest Post, Investment management, Investment outlook, Payment system, Politics
Posted by Yves Smith at 9:55 am | 14 Comments »
Links 9/1/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 109 Comments »
AI Off-Balance-Sheet Obligations Hit a Subprime-Like Reset Wall in 2027 and 2028
Trillions in take-or-pay compute commitments come due in 2027–2028. The hidden mechanics show how the AI boom breaks, and when.
Topics: Banking industry, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Hedge funds, Investment outlook, Politics, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 6:54 am | 72 Comments »
AI-enabled Cyber Attacks Pose Major Threat to Global Financial System, Warns Financial Stability Board
G20 finance ministers are being urged to prepare for “more severe scenarios involving simultaneous disruption across multiple firms or shared technology dependencies”.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 4 Comments »
How the US Is Plaguing the Americas With Misery in the Name of Liberty
On the US’ long history of running roughshod over the rights of its Americas neighbors while invoking “liberty”.
Topics: Guest Post, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 4:09 am | 5 Comments »
Coffee Break: A Trump Scampire Bank With No Capital and A Dem Party With No Values Beyond Crushing the Left
Trump has somehow managed to make his stablecoin scampire even worse by bringing in the UAE, the Dem zio-centrist establishment is going all-in on war with Hasan Piker, while Dem candidates miss massive opportunities to connect with voters.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 77 Comments »
Why We Need to Elect More Workers to Public Office
Getting more workers into legislatures is the only way to build a government for ordinary Americans.
Topics: Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 8/31/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 81 Comments »



