Category Archives: Credit markets

Ending the Evil of Student Loans

A set of proposals on how to reduce the damage done by the overhang of student loans.

Mr. Market’s Hissy Fit May Be Over….For Now

Puzzling out the markets have changed, and not changed, since the crisis.

Costing the Country: Britain’s Finance Curse

More discussion of the downside of having too much finance.

Toys ‘R’ Us to Come Back from the Dead

Toys ‘R’ Us will be back, albeit in a skinnied down form.

Disaster Profiteers vs. the People of Puerto Rico

Puerto Rico shows how distress and grifting too often go hand in hand.

Why Dodd-Frank Is a Protection Racket for Banks

How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.

The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick

BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris

Does the U.S. Have the Ingredients to Win a Trade War?

In winning the trade battle with China, Trump may lose the war against inflation.

Post Crisis Measures Have Failed to Tame Derivatives Risks

Derivatives remain an untamed systemic risk.

Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment

Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.

Double Whammy: Implicit Subsidies and the Great Financial Crisis

Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.

Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940

An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.

Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers

The chief architects of the exercise in looting otherwise known as the post-crisis rescues are back promoting more of the same.