Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?
Read more...A must-watch speech by the great British socialist Tony Benn.
Read more...This is a wide-ranging interview with Bill Black on a subject of the keen desire of the public to see more corporate officials prosecuted for big business misdeeds, and why that never happens these days.
Read more...The Department of Justice may face an early test of its long-overdue policy change, that the government will seek to prosecute individuals, including executives, in a simmering Treasury bid-rigging scandal
Read more...Yes, banks really do want the Fed to raise interest rates.
Read more...Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...the second circuit rules that under Dodd-Frank whistleblowers are… whistleblowers even if they don’t dot the i and cross the t.
Read more...Why the three big charges commonly made against Corbyn’s “People’s Quantitative Easing” or PQE, are all wet.
Read more...Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...By issuing its new memorandum the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed.
Read more...One of the major fallacies skillfully employed by the lending industry since the foreclosure crisis is that the meddling defense attorneys and pro se litigants were clogging the courts with their dilatory motions and challenges, unnecessarily prolonging the foreclosure process, creating neighborhood blight and costing homeowners billions in property values by preventing “market clearing.” This […]
Read more...Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
Read more...So yesterday was a bad day if you were a Japanese bank with stubborn executives.
Read more...Examining an excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder.
Read more...Last year, the Huffington Post published the definitive take on the Congressional Black Caucus’ frequent sellouts to Wall Street, and how Maxine Waters has attempted to shut it down. Their public image as the conscience of the Congress belies a coziness with bank lobbyists and an open willingness to do their bidding. Ten CBC members […]
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