Credit markets Archives - Page 35 of 275

How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease

There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.

The Obama Administration Bails Out Private Equity Landlords at the Expense of the Middle Class: Government Guarantees for Rental Securitization

So how much did Blackstone promise to give to the Obama library for this huge grift, um, parting gift? As regular readers may recall, private equity firms piled into buying foreclosed single family homes on the belief that if the government (in this case, Fannie and Freddie) was selling, they wanted to be buying. And […]

Wolf Richter: Mnuchin as Sears Director Oversaw Asset Stripping, Underfunding of Pension; Faces Conflict as Treasury Secretary

Treasury Secretary nominee Steve Mnuchin only got his hair messed up a bit at his Senate confirmation hearing.

Ending Too Big to Fail

Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]

How The Bond Buyer Hyped a Goldman Ripoff of DC Water as “Deal of the Year”

Municipal bond publication The Bond Buyer gives itself a black eye by touting a ripoff of a sewer and water authority as a good deal.

Finance and Growth: The Direction of Causality

Too much finance is highly correlated with slower growth. But which comes first?

Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy

How central banks’ policy remedies have taken big steps backwards.

F@ck Work?

Why arguments against work are another manifestation of neoliberalism.

Don Quijones: Power & Profit Fuel War on Cash in Europe

Be warned: European officials have already starting taking tough moves in the war on cash.

Republicans Likely to Pass “Audit the Fed”

“Audit the Fed” is likely to become law. It’s about time.

Ambrose Evans-Pritchard: Trump Effect Won’t Stop Credit Crunch

Forecasts for the US depend heavily on what Trump might actually get done. Ambrose Evans-Pritchard thinks Mr. Market is out over his skis.

Nomi Prins: My Political-Financial Road Map for 2017

Some specifics of why political risk and central bank policy will make for a wild ride in 2017.

Doves, Hawks… and Pigeons: Why Central Bankers Favour Monetary Policy Inertia

The discussion of the delayed lift-off in US monetary policy is just the latest episode in a long-lasting debate over the causes of inertia in monetary policy. This column approaches the issue by assuming that psychological drivers can influence the decisions of central bankers. Loss aversion is one source of behavioural bias which can explain delays in changing the stance of monetary policy, including the fear of lift-off after a recession.