China’s Raging Bond Bubble Exposed
Yet another China risk warning.
Read more...Category Archives: Banking industry
Don Quijones: Barcelona Threatens to Print Parallel Currency, Madrid Seethes
Barcelona threatens to go rogue by issuing its own currency.
Read more...Negative Real Rates Signify a Broken Financial System
How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Joe Firestone: Fiscal Myths of Campaign 2016
Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. It’s time to debunk them.
Read more...Attacks on Sanders, Progressives Falsely Depict Obama As Lefty Failure as Opposed to Neoliberal Success
A sign that the progressive cause is moving out of the wilderness and starting to rattle The Powers That Be is that the messaging apparatus is starting to attempt to demonize Sanders as a hopeless cause. And the arguments made against him and the progressive cause generally are made via bizarre analogies to the neoliberal Obama.
Read more...Reformers Stymie Obama a Second Time on Wall Street Cronies: Progressive Pick Lisa Fairfax Nominated for SEC
The Wall Street wing of the Democratic party has taken a visible defeat with the nomination of Lisa Fairfax to the SEC.
Read more...Adam Levitin: Fighting for the Middle Class
How the deck is stacked against the middle class, and what it takes to change that.
Read more...Jeff Connaughton: On to Iowa and New Hampshire
Former lobbyist, White House and Senate staffer Jeff Connaughton explains how Naked Capitalism had an impact after the crisis and continues to do so today.
Read more...Michael Hudson: The Paradox of Financialized Industrialization
The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...How Much Money Does the 1% Have Hidden in Tax Havens?
UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...Tom Engelhardt: The Fog of Intelligence, or How to Be Eternally ‘Caught Off Guard’ in the Greater Middle East
An in-depth look at the US’s big-ticket intelligence apparatus that can’t shoot straight in the Middle East. A bug or a feature?
Read more...Payday Lenders Pay Off the System So They Can Keep Ripping Off Borrowers
Paying a visit to payday lenders at one of their conferences.
Read more...The Financial Sector is Too Big
Has the financial sector become too large, absorbing too many resources, and enhancing instabilities?
Read more...Clinton Outdoes Tsipras in Kolotoumbas with Her Reversals on TPP, Bank Regulations
The big problem with Hillary is it is hard to believe she stands for anything other than her desire to exercise power. Her latest bout of opportunism only reinforces that notion.
Read more...Zeitgeist Watch: Wall Street Suicides and the Fear of Falling
Some ruminations about what bankers suicides say about Wall Street.
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