Bad as QE Was, Unwinding It Rapidly Could Be Worse
Getting out of super low interest rates and unwinding QE is proving to be easier said than done.
Read more...Category Archives: Credit markets
The Saker Interviews Michael Hudson
Yves here. Michel Hudson, in this short talk with The Saker, debunks many widespread misperceptions about the dollar, the US economy, and the prospects for fundamental change. I have only a couple of teeny quibbles and a further thought. Hudson discusses private equity buying up single family homes. While that was a very big trend […]
Read more...Construction Costs Spike 17.5%, Worst Since at Least 1965. Inventories of New Houses Pile Up, Highest Since 2008. Median Price Dives as Mix Shifts
A rise of unfinished houses thanks to construction delays. Massive supply building up in the pipeline.
Read more...Michael Hudson: On Debt Parasites
Michael Hudson’s favorite theme: why debt cancellation was a regular practice in ancient societies and what happens now that we’ve rejected it
Read more...As Pressure Mounts, Biden Considers Extending Pause of Student Loan Payments
Biden is signaling he might retreat on resuming student debt payments. But is this simply a ploy in light of the BBB brick wall?
Read more...Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing
CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.
Read more...Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business
How endowments, the supposedly best and brightest fiduciaries, are destroying value.
Read more...Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games
Not surprisingly, fintech looks like a variety of old scams in new bottles.
Read more...Foreclosure Looms for Homeowners Who Thought They’d Won, Thanks to Top New York Court Ruling
Foreclosure suits from the financial crisis era get a new life thanks to a ruling by a conflicted New York judge.
Read more...Finance Group Fails To Deliver at COP26
Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.
Read more...Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly
Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.
Read more...An Increase in Interest Rates Would Be An Act of Class Warfare
While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.
Read more...General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization
How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.
Read more...Latest Fed Financial Stability Report Underplays Supply Chain Risk
The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.
Read more...Debt Cancellation: Taxi Drivers Savor Victory as Medallion Debt Bailout Deal Ends Hunger Strike
How New York City taxi drivers won a rare and much needed debt restructuring.
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