Category Archives: Credit markets

Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche

Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.

How Debt Dynamics Polarize Economic and Political Power

An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.

Crash Landing? Part 2 – The Usual Suspects

What parts of the financial system are most vulnerable to a crash?

What’s Actually Behind the Banking Crisis? Why You Pay When They Play.

Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking

Crash Landing? Part 1 – Bonfire of the Banks

Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.

The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike

The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.

How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation

Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.

How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis

Why the expected official response to this bank panic wil make matters much worse, just not right away.

Lack of Grownups in the Room Exacerbates Bank Freakout

The bank firefighting squad seems to be out on a bender.

Were the Bank Bailouts the Result of Rising Wealth Concentration?

Are many of the explanations of the recent bank tsuris barkign up the wrong tree?

Michael Hudson Talks to Ben Norton About SVB and Bank Failures

Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies

SVB and the Only Choice We Have

How the SVB bailout confirms the dedication of the elites to self interest only.

Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding

Peeling back more layers of the SVB implosion and its broader implications.

Why Student Debt Cancellation Is Reasonable, Not Radical

Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”

‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt

The point of the debt ceiling melodrama is to give fiscal hawks another whack at budget-cutting. Tax increase are therefore off the table.