Why International Financial Regulation Still Falls Short
Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
Read more...Category Archives: Credit markets
Yanis Varoufakis: Why Bitcoin Is Not a Socialist’s Ally – Reply to Ben Arc
Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
Read more...“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Read more...The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy
Why using credit as an economic remedy evenutally does more harm than good.
Read more...The Federal Government Always Money-Finances Its Spending: A Restatement
An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Read more...New Investment Gimmickry: Covid-19 Bonds
Covid-19 has engendered investment grifting.
Read more...WSJ Says Banks Can’t Determine Who Is Credit-Worthy: More COVID-19 Fallout
WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.
Read more...Michael Hudson on Coronavirus and Debt Winners and Losers
Michael Hudson explains why debt cancellation and turning banks into utilities is the only sound response to the cornacrisis.
Read more...Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Read more...More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations
No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.
Read more...The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 7)
This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.
Read more...Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out
A major story on the CLOs chooses not to address the key questions.
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