Wall Street Got a Bailout, Why Not Puerto Rico?
How Puerto Rico has gone from an economic disaster area to a humanitarian crisis in the making.
Read more...Category Archives: Credit markets
Wall Street and City of London Getting Nervous About Catalonia
Yves here. Neither side appears willing to back down in the battle of wills over the Catalonia independence vote set for this Sunday, October 1. The English language press has described how the Spanish government has declared the election to be illegal and Mariano Rajoy’s government has moved to try to shut it down, for […]
Read more...Cybersecurity Ain’t the Only Game in Town: The Scams Multiply
Cybersecurity is much in today’s news, but it’s not the only source of scams– which are much more omnipresent than in the past.
Read more...Don Quijones: It Gets Ugly in Catalonia
Madrid’s crackdown is increasing support for independence in Catalonia among those who previously had little interest in such an outcome.
Read more...Catalonia’s Defiance of Spanish Authority Turns into Rebellion
Catalonia and the Spanish government are in a power struggle, with Madrid moving to strip Catalonia of its autonomy. What are the stakes?
Read more...From Credit Risk to Pipeline Risk: Why Loan Syndication is a Risky Business
How pipeline risk poses a danger to banks even in an “originate to distribute” business like loan syndication.
Read more...How US Regulators Created the Equifax Mess
How regulators made credit bureaus like Equifax powerful, and why banks could live without them if they needed to.
Read more...NC Classic: The Tinkerbell Market
A classic from our market commentary in the runup to the financial crisis.
Read more...The Latest Red Flag For U.S. Shale
More bad news for the shale gas industry.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better
It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.
Read more...Let’s Face It: Monetary Policy Is Failing
Why one of the core precepts of monetary economics is all wet, yet central bankers rely on it even when it keeps failing in practice.
Read more...Wolf Richter: Markets, Regulators Ignore Ticking Time Bomb of Shadow Margin Loans
Shadow margin loans are a sign of speculative excess and complacency about risk.
Read more...More Criticism of Private Equity Leverage on Leverage Via Subscription Line Financing
In a refreshing development, a private equity con, subscription line financing, is so extreme that members of the industry are opposing it.
Read more...Trilemmas and Financial Instability
Examining national policy tradeoffs in a world of perhaps too much in the way of free and easy international money movements.
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