The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...Category Archives: Credit markets
Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Read more...SoftBank-Funded Fintech Upstart Greensill Crashes, Carnage Ensues
Supply chain finance disuptor Greensill is undone by its own financial wizardry, putting at risk thousands of jobs in the UK, Australia and the EU. The timing could not be worse for already buckling supply chains.
Read more...The Bullshit Economy: Homebuying “Help”
Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.
Read more...Goldman Is Evil But McKinsey Is Worse
Why the McKinsey veneer is looking tattier and tattier with every passing day, and why that’s not likely to change.
Read more...Michael Hudson – Changes in Super Imperialism
Michael Hudson recaps his classic Super Imperalism and extends it to the 21st century struggle for dominance among the US, China, and Russia.
Read more...Negative Interest Rates Are Coming, but There Is No Chance That They Will Work
Negative interest rates: a bad idea that some central banks still can’t resist.
Read more...Coronavirus and Banking: Evaluating Policy Options for Avoiding a Financial Crisis
A scorecard for various approaches to combatting the looming European banking crisis.
Read more...A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.
Read more...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...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.
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