When two experienced economy and finance analysts, who both correctly predicted the derivative crisis of 2008, again warn of an imminent crash one better listens up…
Brexit: Pandemonium by Yves Smith…
Theresa May appeared to make a major change in course yesterday by starting the process of striking a cross-party deal with Labour on a softer Brexit. However, May also said she wanted to petition the EU to have an extension to May 22…..to approve her Withdrawal Agreement. As we’ll discuss shortly, it’s inconceivable that the […]
Brexit: May’s Endgame
With Brexit barely more than a month away, May has made her latest move, which is to drive Parliament’s vote as close to the wire as possible, while refusing to consider revoking the Article 50 notice, or its more socially acceptable cousin, a second referendum.1 May has moved Parliament’s “meaningful vote” back yet again, now […]
Nomi Prins: Steven Mnuchin, Foreclosure King of America…
Yves here. I hate criticizing an important post by Nomi Prins, which sets forth Treasury Secretary Steve Mnuchin’s dodgy history and his current hypocrisies in detail. But even though Prins has been a regular, articulate critic of high finance, she has not gotten as far from Goldman as she thinks she has. Like virtually all […]