Polarization, Then a Crash: Michael Hudson on the Rentier Economy
Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Read more...Category Archives: Credit markets
China Retrenches on Belt and Road Initiative as Defaults Rise
More on “Whither China?”
Read more...Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
Trying to make sense of CARES Act gimmickry.
Read more...Michael Olenick: How Biden Could Tackle the Student Loan Crisis
Biden could resort to a simple bankruptcy fix for the student loan mess. But would he?
Read more...Don’t Depend on Wall Street for Renewable Energy Investment
Why Big Finance is part of the energy problem, not the solution.
Read more...China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last
A contrarian take on housing.
Read more...Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem
Citi’s latest run-in with regulators shows why comparing big banks “too big/complex to fail” problems to those of Big Tech is all wet.
Read more...Michael Olenick: The Surprisingly Short Road from Abolitionism to Credit Bureaus
Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.
Read more...Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague
Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.
Read more...Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?
Read more...It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology
Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.
Read more...Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
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