Category Archives: Credit markets

Michael Hudson: Origins of Money and Interest: Palatial Credit, Not Barter

A deep dive into the origins of credit and money, along with the political implications of different theories.

The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation

Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.

Winners and Losers as PE Firm Cerberus’s Remington “Rollup” Collapses into Bankruptcy

Who are the bagholders in the Remington bankruptcy?

Central Banks in the Age of Populism

Central banks are under more and more pressure to respond to public dissatisfaction with their stewardship. Is that such a bad thing?

How Well Does Financial Regulation Work?

Sadly, reactive regulations don’t have a great track record.

Monetary Policy and Fiscal Discipline: How the ECB Planted the Seeds of the Euro Area Crisis

How the ECB did Euro-area member states a dirty when it tried to act as deficit enforcer.

Elizabeth Warren Slams Democrats for Helping Gut Financial Regulations

The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.

FinTech and Banks

Why FinTech will not be as disruptive as its promoters would have you believe.

“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus

The false narrative that made personal bankruptcy law so hellish

Wolf Richter: Big Reset Looms for Corporate Credit Market

Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?

Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.

A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.

Government Shutdown Once Again Shows the Lies Behind Deficit Hysteria

How the wealthy use deficit scaremongering to keep wages down and stave off calls for more investment and social spending.

The Chinese Banking System: Much More Than a Domestic Giant

Chinese banks have become major foreign lenders, making China the eighth biggest financial center in the world.

Mr. Market Has a Meltdown

Musing on the market swan dive yesterday.

The International Economic Consequences of Mr. Trump

The Trump Administration sees no value in international economic institutions or cooperation, abandoning the role of steward of the system.