Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests
Banks fund new oil pipelines that will generate climate pollution for decades. They are greenswahing their loans as ‘sustainability’ measures
Read more...Category Archives: Credit markets
The U.S. Shale Revolution Has Surrendered to Reality
The funding for shale production in the US has dried up as moneybags finally realize that there’s no profit to be had.
Read more...California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations
CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Buyers’ Strike? Mortgage Applications Drop 8% Below 2019, as Home Buyers Get Second Thoughts about “Raging Mania”
Falling mortgage applications and rising home inventories signal a coming housing market pullback.
Read more...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...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.
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