Wobbly Italian Banks May Get “Bad Bank” Resolution Vehicle
Italian banks’ extend and pretend game may be coming to an end.
Read more...Category Archives: Banking industry
Bill Black: Wall Street Declares War Against Bernie Sanders
The attacks on Sanders from Wall Street are getting ever more shrill….about time the felt some heat.
Read more...Money and Banking – Part 3
How the Fed balance sheet works and why what we, the public, consider to be money is a debt of the Federal Reserve. Part 3 of a series.
Read more...Funds Hold Most Cash Since GFC
Fund manager cash holdings are at crisis-bottom levels, typically a sound bullish indicator. But will history predict the future this time?
Read more...Geithner Ghostwriter Mike Grunwald Tries to Shift Financial Crisis Narrative Away From The Big Short
It’s sad that you have to be something of a detective to decipher what passes for content at most major American news outlets. In the case of Michael Grunwald, however, we have a decent set of indicators about the normally hidden agenda. The Politico writer worked with Tim Geithner on his memoir. In fact, I believe he has said publicly that he didn’t know a lot about finance before meeting Geithner. So when Grunwald decides to leap into anything involving this topic, we can assume the end result is not altogether different than what it would look like if Geithner wrote it with his own byline.
The latest example is a nominal review of The Big Short, which is not really a review. It’s an attempt to steer the narrative of what happened, in the financial crisis and its aftermath, to territory that comforts elites.
Read more...Money and Banking – Part 2
How the Fed balance sheet works and why what we, the public, consider to be money is a debt of the Federal Reserve.
Read more...Gaius Publius: Wall Street Reviews What Sanders Plans for Wall Street
An overview of the Sanders Big Finance reform proposal, and some of the ways it has been caricatured or flat-out misrepresented
Read more...Bond Investors Get Skittish as Record Wave of Acquisitions Push to Close Financings
Standard & Poors warns of the worst drop in the “net outlook bias” for bond investors since the financial crisis.
Read more...Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...Controversial DNC Chair Debbie Wasserman Schultz To Face Progressive Tim Canova In An August Primary
Oh frabjous day! Tim Canova, who is challenging the rancid Debbie Wasserman Schultz, is a really good guy.
Read more...China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point
China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...Deflation Denialism: No, Chancellor, 0.5% Inflation is Not “Welcome News”
What is deflation? What has caused inflation to fall? And why is there no such thing as ‘good deflation’?
Read more...Dollar Dominance: Deconstructing the Myths and Untangling the Web
It is not dollar hegemony that rules the world, but the global financial system which gives the dollar its place of privilege.
Read more...Ilargi: 2016 Is An Easy Year To Predict
Deflation will become an even more powerful and destructive force in 2016.
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