Category Archives: Banking industry

The Full Case Against Ultra Low and Negative Interest Rates

Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.

Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth

Why it’s time for a widespread debt writedown.

The Bullshit Economy: Homebuying “Help”

Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.

What Happens If Bitcoin Succeeds?

Most of us would not want to live in a society where bitcoin succeeds.

Italy’s Newly Unelected Prime Minister, Mario Draghi, Has Urgent Unfinished Business With the World’s Oldest Bank

In his former role as governor of the Bank of Italy, Draghi was partly responsible for Monte dei Paschi’s di Siena’s decline. Now he must reverse it.

The Bank of England Should Stop Broadcasting the Views of a Comfortable Financial Elite

A “put foot in mouth and chew” episode from Bank of England chief economist Andy Haldane.

The Chip Shortage: Brought to You By American Neoliberalism

While the chip shortage will sort itself out in the next six months, the US can’t remedy its dependence on foreigners for critical supplies.

Goldman Is Evil But McKinsey Is Worse

Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.

Negative Interest Rates Are Coming, but There Is No Chance That They Will Work

Negative interest rates: a bad idea that some central banks still can’t resist.

Michael Hudson: Finance Capitalism vs. Industrial Capitalism – The Rentier Resurgence and Takeover

Michael Hudson provides a deep dive into the rise and rise of the rentier under financial capitalism.

Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different”

SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts.

Coronavirus and Banking: Evaluating Policy Options for Avoiding a Financial Crisis

A scorecard for various approaches to combatting the looming European banking crisis.

Blockbuster Lawsuit Targets Deutsche Bank Executives and Supervisors for Epic Abuses, Value Destruction

An important suit taking aim at the extensive misconduct of Deutsche Bank executives and board members is grinding its way through court.

Perhaps It’s Time to Start Worrying About Italy Again

The causes for concern surrounding Italy are growing, even as the ECB keeps a tight lid on its bond yields, pushing its debt servicing costs lower as its debt explodes higher.

Pelosi Removes Katie Porter… Bringing Joy & Gratitude To Every Crooked Bankster On Wall Street

Pelosi doubles down on Team Dem’s loyalty to Big Finance.