Satyajit Das: Lessons from Japan’s Massive Debt Hangover
While there are things the debt-addled West can learn from Japan, the dirty secret is they were in some key ways in better shape than we are.
Read more...Category Archives: Banking industry
Tariff Turmoil and the Money Markets: Yet Another Rescue Coming
In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financiers.
Read more...Crypto Crooks Now Eating Their Own as Crypto Holders Targeted in Crime, Even Violent; Coinbase “Hack” an Inside Job, and Highly Damaging to Wallet-Holders
Crypto crirme, particularly violent ones like finger-choppings, are increasing. This should not be much of a surprise.
Read more...When Illusions of Wealth Shape the Economy: Understanding Pseudo-Wealth, Macroeconomic Volatility, and Social Welfare
Why pseudo-wealth like crypto is detrimental to social welfare, as in the collective good.
Read more...Michael Hudson: The Catholic Church, the Crusades, and the Origins of International Banking
A wide ranging talk that corrects the record about banking, such as the the Catholic Church, as opposed to Jews, being the prime mover
Read more...Martin Wolf’s “The old global economic order is dead”
A look at two factoids in a new Martin Wolf article illustrate why our economic mess seems intractable….and not just for the feckless US.
Read more...Satyajit Das: The Unravelling – Part 2: Contagion & Containment
Mapping the contagion fever chart of how a Trump financial meltdown might unfold.
Read more...Global South and Multilateral Financial Institutions: Where Does BRICS Stand?
Why BRICS has gotten barely anywhere on launching its own finanicial institutions and why that is unlikely to change soon if ever.
Read more...Satyajit Das: The Unravelling – Part 1: Economic & Financial Furies
Why the Trump-induced economic and financial train wrecks will be more severe than most pundits seem to anticipate.
Read more...Before Banks: Historical Lessons for Rethinking Credit
The era before modern banking took off featured flexible, highly personal credit arrangements, in some ways better than what we have now.
Read more...Payday Loan Apps Cost New Yorkers $500 Million Plus, New Study Estimates
A new study estimates the cost of payday loans in New York as the state debates tightening rules on these fintechs beyond existing usury laws
Read more...House Speaker Johnson Threatens to Defund Federal Courts
The Trump war against the judiciary reaches a new fevered pitch, with Speaker Johnson threatening Federal court funding.
Read more...DOGE Taketh Away From the Many as Trump Pays Off Crypto Bros With New “Strategic” Fund, Above All, Crypto Czar David Sacks
We warned that crypto was closely aligned with criminal activity. The open grift of the new “strategic” Trump fund proves that case.
Read more...Jane D’Arista on How the Failure of Global Finance Is Systemic
Jane D’Arista describes the internationalization of finance and how is has produced not just crises but fundamental economic distortions
Read more...New Suit Seeks Clawback of >$4 Billion of Fines and Insider Trading Profits from TD Bank Executives Earned While Running Decade+ Massive Money Laundering Schemes
TD Bank engaged in over a decade of criminal misconduct. A new suit seeks to make its board and executives pay.
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