Unpacking the much-ado-about-nothing over year-end use of the Fed’s pet liquidity-providing mechanism, its standing repo facility.
Recent Items
Tuesday, January 6, 2026
Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 Billion on the Last Balance Sheet as Yearend Liquidity Turmoil Dissolves
Topics: Banking industry, Credit markets, Federal Reserve, Guest Post, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 3:39 am | No Comments »
Coffee Break: Microsoft’s Satya Nadella Makes Microslop Trend
Microsoft CEO Satya Nadella has made the term Microslop go viral with his admonition to “get beyond the arguments of slop vs sophistication.”
Topics: Guest Post
Posted by Nat Wilson Turner at 2:00 pm | 43 Comments »
EU’s Carbon Border Tax Goes Live, Eliciting Threats from China and Perhaps Soon, the US
China and India are unhappy about a new EU carbon tax on exports like steel. The US is expected to join the chorus. Will they retaliate?
Topics: China, Environment, Europe, Globalization, Guest Post, India, Politics, Taxes
Posted by Yves Smith at 9:55 am | 3 Comments »
Links 1/5/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 126 Comments »
Dollar Supremacy Strategy or All-Time Grift? American AI Imperialism’s Reliance on the Middle East
Washington plots to ride the AI bubble back to the top—using Persian Gulf capital and energy to get there and make everyone rich along the way—and what this can tell us about war against Venezuela.
Topics: Energy markets, Globalization, Middle East, Technology and innovation
Posted by Conor Gallagher at 6:00 am | 6 Comments »
Even the Wall Street Journal Doubts the Trump Seize-Venezuela-Oil Scheme
Despite Trump’s loud proclamations, his fevered Venezuela oil heist dreams are set to go nowhere. So what happens then?
Topics: China, Doomsday scenarios, Dubious statistics, Energy markets, Legal, Politics
Posted by Yves Smith at 5:28 am | 52 Comments »
West Coast Levee Failures Show Growing Risks From America’s Aging Flood Defenses
Across the country, poor communities are much more likely to rely on older levees or underfunded ones that are not part of major federal programs.
Topics: Guest Post
Posted by Conor Gallagher at 5:00 am | 7 Comments »
Links 1/4/2026
Topics: Guest Post, Links
Posted by Haig Hovaness at 6:55 am | 151 Comments »
The Sunday Morning Movie Presents: A Child’s Garden And The Serious Sea (1991) Run Time: 1H 31M
A Child’s Garden and the Serious Sea is a film about light, memory, and the alien in the everyday.
Topics: Guest Post, Sunday morning Antidote movie
Posted by semper loquitur at 6:30 am | 8 Comments »
Trump DHS Post Calling for ‘100 Million Deportations’ Suggests Intent to Kick Out Nonwhite Citizens
One journalist called it “absolutely insane Nazi propaganda, posted by the US government.”
Topics: Guest Post, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 5:00 am | 30 Comments »
Links 1/3/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 265 Comments »
SMRs Explained: Real-World Economics, Fuel Bottlenecks, and the Race to Scale
A primer on SMRs, as in small nuclear reactors, the new bright idea for how to satisfy insatiable AI energy demand.
Topics: Economic fundamentals, Energy markets, Guest Post, Infrastructure, Politics, Social policy, Technology and innovation
Posted by Yves Smith at 5:12 am | 25 Comments »
Screens and Social Media Are Damaging Kids’ Conversation Skills. Here’s Why This Matters, and How to Get Them Back
Quelle surprise! Smartphone fixation is producing conversation-deficient children.
Topics: Guest Post, Social values, Technology and innovation
Posted by Yves Smith at 4:51 am | 5 Comments »
Coffee Break: More on Our Lousy Diet and Recovery of the Iconic American Chestnut
Part the First: Ultra-Processed Foods and Addiction. Big Ag and Big Food may finally have a problem with their big moneymaking products. We have discussed UPFs here several times before. They fill the center aisles of grocery stores in much of the Anglophone world. This article in Scientific American adds to wave of information coming […]
Topics: Coffee Break, Social policy, Social values, Species loss
Posted by KLG at 2:00 pm | 34 Comments »
The CIA Is Manipulating Trump Against Putin
Quelle surprise! The CIA is yet again up to no good.
Topics: Doomsday scenarios, Politics, Russia, Surveillance state
Posted by Yves Smith at 9:55 am | 43 Comments »



