Another sign that America has gone banana republic: Brady Bonds, used in the Latin American debt crisis, would be suitable medicine for our corporate debt hangover.
Read more...Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...The UK embraces modern monetary theory….and perhaps hopes no one notices.
Read more...In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.
Read more...Why the Republicans’ planned coronavirus bazooka isn’t big enough.
Read more...Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.
Read more...An ambitious deleveraging plan as a Covid-19 response.
Read more...Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.
Read more...The Fed just told everyone to assume the brace position.
Read more...Looking at COIVD-19 impacts.
Read more...So many coronavirus panics that a looming risk is getting little notice: implosion of Italy’s banks, a potential Credit Anstalt event.
Read more...Yesterday’s oil price downdraft, if not meaningfully reversed, will create a world of hurt among US producers, most of all shale gas players.
Read more...Coronavirus infects Mr. Market.
Read more...The coronavirus spread is setting up a nasty real economy-financial system contraction.
Read more...The concern is not for banks or investors in subprime-credit-card backed securities. But what does this bifurcation tell us about consumers?
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