Why Central Bankers Should Not Be Trusted With Money: Greek Exit Edition
An upcoming Greek bailout is leading to new discussion of the idea of a Grexit. And as before, some well-meaning ideas are wildly impractical.
Read more...Category Archives: Banking industry
China Banks in 2017: No Rebound in Sight, Rising Risks for Smaller Banks
Why there is no cause for cheer on the China banking front.
Read more...Don’t Side With Neoliberalism in Opposing Trump
If you side with neoliberalism in opposing Trump, you risk helping him win a second term in office.
Read more...Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)
Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Gaius Publius: Should Progressives Let Corporate Democrats Lead and Be the Face Of the Resistance?
Why corporate Democrats are not your friends.
Read more...Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...Nomi Prins: Trump Hearts Goldman as the Bank Continues Its Washington Conquest
How Goldman became influential in DC and is likely to influence Trump’s policies.
Read more...How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease
There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.
Read more...Bill Black: Not 4 Sale – Why the Corrupt, Worker-Hating New Democrats Must Be Purged
Why the corporate and finance funded, labor-loathing New Democrats have been a disaster for the party and America and need to go.
Read more...Taxcast: South Dakota as Tax Haven, Stopping Corporate Tax Dodgers
How South Dakota is helping the US become an even bigger player in the tax haven game.
Read more...Wolf Richter: Mnuchin as Sears Director Oversaw Asset Stripping, Underfunding of Pension; Faces Conflict as Treasury Secretary
Treasury Secretary nominee Steve Mnuchin only got his hair messed up a bit at his Senate confirmation hearing.
Read more...Ending Too Big to Fail
Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
Read more...How The Bond Buyer Hyped a Goldman Ripoff of DC Water as “Deal of the Year”
Municipal bond publication The Bond Buyer gives itself a black eye by touting a ripoff of a sewer and water authority as a good deal.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Bill Black: Obama Loved Austerity and the New Democrats Remain Addicted to It
Black blasts Obama for prescribing austerity and presenting it as good for Americans when it is good only for financiers and the rich.
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