Category Archives: Credit markets

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.

Russia’s Budget Deficit Jumps Amid Plunging Oil Revenues

Russia had a budget shortfall due to a fall in energy-related tax receipts. How serious a problem is this development?

Economists Radhika Desai & Michael Hudson Explain Multipolarity, Decline of US Hegemony

The new year gets off to a rousing start with the launch of a new bi-weekly talk show with Radhika Desai and Michael Hudson.

Michael Hudson Discusses the Future of Europe and Global Restructuring

Michael Hudson describes how the war with Russia is changing the economic and political order, and not to the advantage of Europe and the US.

Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets

ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.

Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation

Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?

You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.

Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement

In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.

A Brief History of the Mortgage, From Its Roots in Ancient Rome to the English ‘Dead Pledge’ and its Rebirth in America

The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.