Wolf Richter: Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View”
“We want them to go back to” a normal interest rate environment.
Read more...Category Archives: Credit markets
The West’s Not Very Hidden Hand in Debt Oppression in Central Asia
How World-Bank-sponsored microlending produced widespread misery in Kyrgyzstan and Kazakhstan: debt collectors use violence.
Read more...Michael Hudson: Why Biden Won’t Cancel Student Debt
Michael Hudson gives a hard look at the typical excuses for not cancelling student debt and finds them wanting.
Read more...Known Stock Market Leverage Hits WTF High. Out the Other Side of Its Mouth, the Fed Warns About Hidden Leverage that Blew up Archegos
Stock margin debt is the visible tip of the iceberg of leverage, and it has been growing at a zoo-has-gone-nuts rate.
Read more...Bill Black: The Best Way to Rob a Bank Is to Own One (Part 1/9)
Bill Black traces the history of modern American financial fraud starting in this episode with the S&L Banking scandal.
Read more...Michael Hudson Q&A in Webinar on 4000 Years of Money and Debt
The Q&A from a Michael Hudson talk on money, debt, and economic orthodoxy.
Read more...Webinar with Michael Hudson: A 4000-Year Perspective on Economy, Money and Debt
Michael Hudson gives a long historical account of the role of debt and money as a tool for promoting prosperity and political dominance.
Read more...How Dodgy Government Accounting Fueled Rapid Rise of Federal Student Loans
Why the student loan mess is even worse than you thought.
Read more...California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill
The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.
Read more...The Voice of Monetary Policy
A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.
Read more...Michael Hudson: Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC
While Plato, following Socrates, saw money as leading to hubris, Greek philosophers didn’t care much for working men either.
Read more...Softer Monetary Policy Increases Inequality
Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.
Read more...Inflation in the Aftermath of Wars and Pandemics
Challenging the conventional wisdom that government responses to Covid will generate inflation.
Read more...UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?
Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth
Read more...Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?
Michael Hudson seeks reader input on what to call modern governments not run by traditional nobles or financial interests.
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