How Climate Change and Widespread Unaffordable Home Insurance Will Wreck Property Values
The death spiral of home insurance in climate afflicted areas has begun. The will and means to tackle underlying issues are sorely wanting
Read more...Category Archives: Banking industry
New York Times Defends Mexican Cartels Because US Economy
The New York Times sinks to a new low in defending Mexican cartels because they are too intertwined in US economic activity.
Read more...Michael Hudson: Trump’s Balance-of-Payments War on Mexico, and the Whole World
Why US trade and economic threats against Mexico could trigger a financial/currency crisis that may propagate across the Global South
Read more...mBridge, a Bank of International Settlements Project Hyped by BRICS Fans as a Way to Evade Sanctions, Shut Down
Our debunking the hype of the purported BRICS payment potential of a BIS project, mBridge, has proven to be true, and then some.
Read more...James Galbraith: How the Fed Became Less Powerful Despite Weakened Congressional Oversight
Fifty years ago the actions of the Fed mattered. Today, as far the aggregate measures of America’s domestic economy go, they do not.
Read more...This Week’s Unholy Mix of Drought, Wind, and Fire in Southern California: A Warning of an Accelerating Insurance Crisis in Climate-Risk Areas?
More and more homeowners are understandably worried about what insurance increases might look like in the face of intensifying climate risks.
Read more...China’s Government Bond Market Sounding Loud Deflationary Alarm. Is the Japanification China Has Warded Off Finally Arriving?
China’s investors are in freakout mode about deflation risks. Can its government turn the fundamentals around?
Read more...The One-in-a-Thousand-Day Problem
AI’s ability to handle complexity and respond rapidly means future crises are likely to be much more sudden and vicious than those we have experienced so far.
Read more...“The Next Crash Could Be Much Bigger Than the Last Two”
Rentierism in housing in the UK has reached what looks like nose-bleed, self-correcting, and thus potentially crash-inducing levels.
Read more...Wall Street Journal Tries “Recovery Finally Underway” Office Space Patter as Securitized Office Mortgage Delinquencies Hit a New Post-Crisis High of 10.4%
The Journal gets egg on its face for trying to call a bottom in the office space market even as delinquencies were accelerating
Read more...Trump Nominates Corporate Lobbyist and Foreclosure Fraudsters Defender Pam Bondi as Attorney General
Pam Bondi has a terrible record as far as going after corporate misconduct is concerned, which explains Senate enthusiasm for her.
Read more...Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule
The Consumer Financial Protection Bureau wants banks to send data of ex-customers to a new bank. Banks are howling. They may have a point.
Read more...Bank Servicers Whittling Away at Hard-Won Protections Against Foreclosure Abuses: The Maine Example
Banks are slowly making gains in court rulings that will help them again engage in foreclosure abuses.
Read more...How Corporate Vehicles Conceal Crime and Chicanery
Financial vehicles designed to conceal wealth and questionable activity fuel corruption and crime while allowing perps evade accountability
Read more...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
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