Yves smith naked capitalism
A decade now after the financial crisis, the cultural and psychological imprint that it left looks almost as deep as the one that followed the Great Depression. Its legacy includes a new radical politics on both the left and the right; epidemics of opioid abuse, suicides, and low birthrates; and widespread resentment, racial and gendered and otherwise, by those who felt especially left behind. This week, New York continues our retrospective on the crash and its aftermath by publishing interviews with some of those who were closest to the events. Here, Yves Smith, who worked at Goldman Sachs and McKinsey before starting Naked Capitalism, the blog that was a must-read financial chronicle of the crisis years, speaks about why so few people saw the crash coming and what makes her sick about the response to it.
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Yves Smith on Why We Didn’t See the 2008 Crash Coming
Naked Capitalism - Wikipedia
Naked Capitalism is an American financial news and analysis blog that "chronicles the large scale, concerted campaign to reduce the bargaining power and pay of ordinary workers relative to investors and elite technocrats". She focused on finance and economic news and analysis, with an emphasis on legal and ethical issues of the banking industry and the mortgage foreclosure process , the worldwide effects of the banking crisis of , the — global financial crisis , and its aftermath. The site has had over 60 million visitors since , and was cited as among CNBC's top 25 "Best Alternative Financial Blogs", calling Smith "a harsh critic of Wall Street who believes that fraud was at the center of the financial crisis". Naked Capitalism features a daily Links article linking to timely articles and analysis from other websites. Starting in , the popularity of the daily Links article caused a daily PM Water Cooler article to be introduced to link to same-day news to make publishing the daily Links easier by reducing the number of links. The daily Links also features an Antidote du Jour, normally a picture of an animal. The PM Water Cooler features plant images.
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