Category Archives: Banking industry

Orbán Outfoxes the EU in Nationalism vs. Technocracy Fight

The ongoing drama between Budapest and Brussels over Ukraine and the “rule of law” is really about who gets to control Hungary.

Global Economy’s Momentous Shift and Monumental Inequality

An in-depth yet lively debunking by Richard Wolff and Michael Hudson of Panglossian depictions of the state of the US economy and society.

The Debt Explosion: How Neoliberalism Fuels Debt Crises

Radhika Desai and Michael Husdon provide a data-driven discussion of the inflating and detonation of debt bombs during the neoliberal era.

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.

Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion

Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.

American Household Debt: A Reappraisal

An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.

Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)

Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.

Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt

Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.

Book Review: Sally Denton and Roger Morris, “The Money and the Power”

Examining the moments and people that helped fuse the US state, economy, and organized crime into one indistinguishable entity.

World Bank Enables Private Capture of Profits, Public Resources

The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public

As Russia Signals It Can Achieve Maximalist Aims in Ukraine, How Would Russia Manage Kiev and Western Ukraine?

Russia is presumably thinking hard about not just how to conclude the war in Ukraine, but what happens the morning after.

Yanis Varoufakis: Europe’s 15-Year Slump

The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation

Rich Nations, IMF Deepen World Stagnation

With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.

Is China’s Economy Collapsing? Economic War! Michael Hudson & Richard D. Wolff

A wide-ranging talk, using Western bashing of China’s economy as a point of departure.

Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.