The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...Category Archives: Banking industry
The Explicable Mystery of the National Debt
Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...China Pumps $74B Into Banks Amid Credit Crisis
China throws some money at banks to offset the effects of its deleveraging initiative.
Read more...10 Down-to-Earth Things Powell Said about Cryptocurrencies
The Fed is perfectly content to have cryptocurrencies be the SEC’s problem.
Read more...Brexit Crash Out Virtually Certain
Brexit uglies are only getting uglier.
Read more...Argentina 20 Years On: Has the IMF Really Changed Its Ways?
The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...America’s Subprime Economy
This so-called expansion is more and more brought to you by subprime borrowings.
Read more...Marshall Auerback: How Plan to Replace LIBOR Will Cement Fed’s Role as Global Central Banker
How proposals to replace LIBOR will strengthen the Fed’s position in global markets.
Read more...Trump’s Visit Marks the Start of Shock Doctrine Brexit
As Brexit approaches, the personal enrichment hopes of some of its proponents come into focus.
Read more...As the Yield Curve Flattens, Threatens to Invert, the Fed Discards it as Recession Indicator
This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it’s replacing the yield curve.
Read more...Bill Black: Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions
Bill Black discusses how even though Goldman Sachs and Morgan Stanley failed their recent stress tests to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors.
Read more...Why Don’t Americans Take More Vacations? Blame It on Independence Day
How businesses created Americanization Day, later Independence Day, to counter the rising labor movement.
Read more...Richard Murphy: The Debate on the Proper Role of the Bank of England, Continued
A discussion about the Bank of England raises questions about the role of central banks generally.
Read more...An Increasing Number of Struggling Americans Are Turning to Check Cashers and Payday Loans
Nearly 30 percent of the U.S. population now uses alternative financial services.
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