Brexit Crash Out Virtually Certain
Brexit uglies are only getting uglier.
Read more...Category Archives: Banking industry
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.
Read more...Richard Murphy: New Funding Structure for the Bank of England Suggests That the Treasury Thinks the Proverbial Is Going To Hit the Fan
The Bank of England is being readied to print, as in deficit spend, in the face of a hard or crash out Brexit.
Read more...Don Quijones: How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.
Read more...Italy Holds A Mirror to a Broken Europe
The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.
Read more...Don Quijones: Consumers Stubbornly Cling to Cash, after Multiple IT Fiascos & Payment Systems Outages
More consumer pushback in the war on cash: An industry dogged by non-believers who fret about privacy and fraud.
Read more...Bill Black: Democrats Should Reject Bernanke’s ‘Wily E. Coyote’ Criticism of Trump’s Deficits
Bernanke engages in a new episode of ideologically motivated economic prognostication.
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