The Coming Ukraine Collapse and the “Rebuilding” Headfake
The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.
Read more...Category Archives: Banking industry
How the Fed Created the Post-2008 Global Safety Net for Banks
The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies.
Read more...The Lehman Disaster and Why It Matters Today
On September 15, 2008, Lehman Brothers, a giant investment bank, filed for bankruptcy. The shock was profound; world markets melted down.
Read more...“Unrealized Losses” on Securities Held by Banks, Oh Dearie, the Whole Schmear: +8%, to $558 Billion
We now have to pay attention to unrealized losses in the banking system.
Read more...Hoisted from Comments: China’s Unsustainable, Unbalanced Growth Model and Its Current Economic Wobbles
Musings on the routes for China out of its economic problems and whether China will actually take them.
Read more...China Schizophrenia: Jake Sullivan Makes Demands, Press Fulminates Its Ambitions as While Overhyping Current Economic Wobbles
The West’s discomfort over China’s influence and economic stature is sometimes a bit too obvious.
Read more...How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...The Overlooked Role of the Financial Crisis in the Subjugation of Europe
Europe faces permanent economic diminution thanks to following US sanctions But did the financial crisis pave the way for this self-sabotage?
Read more...More on the Collapse of Operational Capabilities in the West: How Did We Get Here
Some thoughts on the rapid decline in operational capabilities, or why tons of people, particularly those in charge, are no good at their jobs
Read more...Russia Is Finally Correcting False Perceptions of BRICS
Russia is dialing down expectations for big BRICS developments at a late August summit.
Read more...As the Ukraine War Drags On, It’s Time to Reassess the Impacts of Sanctions
The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
Read more...Two Overlapping Takes on Inflation
MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...Central Banks and Income Distribution: Does the Taylor Rule Push Up Rentier Incomes?
An explanation of how a favorite Fed rate setting tool, the Taylor Rule, promotes inequality by shifting income away from workers.
Read more...Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...Russian Central Bank Governor Elvira Nabiullina and Head of “BRICS Bank” Throw Cold Water on BRICS Currency Project
We’re late to a story that interestingly has been very much under-reported, perhaps because it is contrary to the anti-globalist narrative….already a minority faction in the Anglosphere. We’ve said for some time that the prospects for replacing the dollar are a long way away, even more so with a newly-created, reserve currency aspirant. Our views […]
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