AI Addicts Won’t Make Better Workers
Is the killer app for AI chatbots widespread, productivity-sapping addiction to justify their trillion-dollar investments?
Read more...Author Archives: Yves Smith
The Leipzig Incident Has All the Hallmarks of a False Flag Against Russia
Some Europeans seem way too eager to find any excuse to justify militarizing against Russia.
Read more...Artificial Traders in Real Markets
What does more and more deployment mean for the operation of financial markets?
Read more...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.
Read more...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.
Read more...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.
Read more...Links 9/1/2026
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.
Read more...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”.
Read more...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.
Read more...Iran War: Iran Retaliates Disproportionately to US Attack on Larak Island as WaPo Detailed Pentagon Leak Shows Navy Incapacity, Top Level Opposition
Today’s Iran war news: Kinetic action flares up as the US hits Larak Island and Iran retaliates….and Bessent’s bazooka fails to fire.
Read more...Links 8/29/2026
Michael Hudson: The Long Trajectory of Debt Dynamics, Aristocracies, War Finance and Wealth Destruction
Michael Hudson summarizes his long view of debt in an important new tallk with Glenn Diesen.
Read more...How the US Is Driving the Rise of the Businessmen-Politician
The ultrarich have always had power but Trump brought top businessmen directly into policymaking, creating new channels of influence globally
Read more...Europe Heads Into Winter With Gas Storage at a Two-Decade Low
Another look at an expected shortfall for states in Europe meeting targets for gas reserves and what the consequences might be.
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