‘Public Bank’ Bill Blocked From State Senate Vote After Industry Pushback
Why is a modest public bank plan for New York going nowhere?
Read more...Category Archives: Credit markets
What Blew Our Financial Bubble So Big?
Why it’s more fun and profitable to be in the bubble economy than the real one.
Read more...Sri Lanka Economic Crisis Inflicted by Self-Serving Elite
How the Sri Lanka debt crisis was decades in the making.
Read more...China’s Overseas Lending and the War in Ukraine
Why lending to emerging economies may be collateral damage of the war in Ukraine.
Read more...The IMF Connection with the Ukraine Crisis
You can’t quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
Read more...War or Peace, Barbarism or Hope: War Threatens World with Stagflation
A short hisory of stagflation and why it’s a pressing risk now.
Read more...Stagflation Threat: Be Pragmatic, Not Dogmatic
More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.
Read more...Is China Socialist or State Capitalist? – Michael Hudson and Patrick Bond
Michael Hudson and Patrick Bond: Will China resist financialization and lead the way on climate policy, or is it practicing capitalism lite?
Read more...Reader Apologies re Highlighting Out of Date Scott Ritter Video; Wall Street Buys Russian Bonds, MbS Snubs US Investments, Biden Tries to Arm-Twist India, and Putin Can Still Blow the Peace
Some updates on Ukraine, including having gotten caught in the fog of misinformation.
Read more...Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers
Russia is scrambling to deal with being shut off Visa and Mastercard.
Read more...A Very Preliminary Look at the Partial Suspension of Russia’s Access to SWIFT
News on the partial SWIFT cutoff for Russia was fuzzy. Despite being included, its central bank intervened in FX markets this AM. What gives?
Read more...The Private Equity Industry in the New Interest Rate Environment
Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?
Read more...Financialization at Heart of Economic Malaise
Sadly, finacialization is still very much with us, even though policy-makers know better by now.
Read more...Occupy the SEC to DoJ: Act on Congressional Mandate, Quit Rubber Stamping Bank Mergers
Occupy the SEC is back! The small group of lawyers, bank compliance experts, and financial services industry product specialists generated an outside reputation with its highly praised, over 300 page comment letter on Dodd Frank. As Law.com wrote: In detailing how they believe the Volcker Rule can be strengthened, Occupy the SEC has written what […]
Read more...Bad as QE Was, Unwinding It Rapidly Could Be Worse
Getting out of super low interest rates and unwinding QE is proving to be easier said than done.
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