Credit markets Archives - Page 28 of 275

Don Quijones: How the ECB Helped Spain “Recover” Faster than Italy from the Crisis

How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.

Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning

Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.

The Battle for Money Has Begun

Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.

Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”

The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.

Payday Lending Rule Survives…For Now

Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.

Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?

By Don Quijones, Spain, UK, & Mexico, editor at Wolf Street. Originally published at Wolf Street. Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. […]

Can Canada’s Mutual Help Financial Organizations for Disenfranchised Blacks Serve as a Model for the Un and Underbanked in the US?

Are Canada’s mutual-assistance-based financial groups a guide for how minority and disadvantaged groups can escape the tax of overpriced bank services like check cashing?

Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road

Why debt is the great threat to modern China’s development.

Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt

Michael Hudson explains why debt cancellation was central to the politics of ancient societies.

Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?

Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.