Greenspan Ran the Fed for 18 Years and Left an Economic Time Bomb
Michael Hudson and Radhika Desai: take a hard look at Greenspan’s misrule at the Fed and find more not to like than you might know about
Read more...Category Archives: Credit markets
These Church Members Disagree on Politics. Together They’re Wiping Out Medical Debt
A grass-roots effort to extinguish medical debt shows how destructive and ought-to-be-criminal US debt collection is.
Read more...Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis
The Bank of International Settlements took a look at the AI bubble. Not surprisingly, it found a lot not to like.
Read more...Good Riddance, Alan Greenspan
Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.
Read more...Michael Hudson: Debts That Cannot Be Paid Won’t Be
R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system
Read more...Iran War: Trump-Netanyahu Dust-Up Over Negotiations – Bona Fide or Deception? Oil Speculators Cheer Three Supertankers Leaving Gulf, as Continued Bond and Financial Market Decline Seems Likely
Today’s Iran war news: Some oil leaving the Gulf gave markets a boost, but the US-Iran impasse remains, along with US attack threats.
Read more...Michael Hudson Warns: Imminent Economic Catastrophe – War, Oil Crisis & Bond Market Panic
Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.
Read more...China’s Real Estate Reckoning: Lessons from Japan’s Lost Decade
China is still suffering a real estate bubble hangover, with a lot of symptoms similar to Japan’s deflation.
Read more...Michael Hudson: US Economy is Based on a Ponzi Scheme
Michael Hudson explains the dangers and costs of Wall Street’s Ponzi schemes.
Read more...Satyajit Das: BNPL – Buy Now, Pain Later
A look at the economics of the hot new way to create yet more debt slaves: BNPL, as in buy now pay later loans.
Read more...Michael Hudson and Steve Keen: How the Global Crisis Will Unfold
Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.
Read more...Easing Capital, Reviving Risk: The Quiet Return of Too Big to Fail
Less capital, more risk. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.
Read more...Iran War: Trump Issues 48 Hour Unhinged Ultimatum to Iran; Iran Vows Mass Destruction Countermeasures; Israel Takes Hit to Dimona Area, Other Blows After Second Firing on Iran Nuclear Reactor Site ; More Warnings of Deep Damage from Strait of Hormuz Closure, LNG Reduction Effects
Today’s Iran war update: Trump threatens action which will lead to Iran retaliation that will destroy the world economy. Will he proceed?
Read more...Michael Hudson: Persia’s Monopoly Concessions to Britain, 1872-1901
Persia’s 19th century fight to drive out the British investors who had obtained monopoly concessions is background to the current crisis.
Read more...Rob Urie: No Exit – How Obama’s Bank Bailouts Produced Trump
Profiling the Democratic Party’s doom loop, starting with the Obama “get out of jail free” cards to financiers after the crisis.
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