Central banks don’t have the tools to address our problems. It will take well-constructed fiscal policy to set right our topsy-turvy economy.
Read more...The student debt crisis has produced a decline in homeownership, marriage, and childbearing rates among the young.
Read more...The World Bank wants to double down on financial gimmickry rather than develop the public health infrastructure to combat pandemics.
Read more...Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.
Read more...The poor economics of fracking may finally be coming home to roost.
Read more...A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Read more...Mark Blyth gives a pithy talk on the economic regimes of the modern period and what is likely to be in store.
Read more...Young people with pretty high incomes are sinking under debt.
Read more...An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...The ECB is concerned that the latest fix for bad loans still leaves banks in a weakened state.
Read more...Should we trust the recession warning the yield curve is sending?
Read more...A recap of the issues surrounding the Finance Curse, the advanced economy economy analogy of the resource curse.
Read more...A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
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