Banks Rebel Against Negative Interest Rates
Banks have had it with negative interest rates and are starting to push back.
Read more...Category Archives: Credit markets
Steve Keen: Zombie-to-Be Economies and the Walking Dead of Debt Include China, South Korea, Canada, Finland
Steve Keen’s macroeconomic model allows him to identify zombies-in-the-making. It’s not pretty.
Read more...Wall Street Journal Tallies DoJ and SEC’s Pathetic Record in Tackling Wall Street Crime
The officialdom continues to defend the half-hearted effort by the DoJ and SEC to pursue financial services industry misconduct.
Read more...IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Read more...Unsealed Documents Reveal Former White House Officials Violated Fannie/Freddie Conservatorship Rules, Apparently to Advance Bank-Enriching “Reforms”
The Administration has refused to turn over over 12,000 documents in a lawsuit against how the government operated Fannie and Freddie in their conservatorship. The major bone of contention is that Treasury stripped them of all profits, which damaged the remaining private shareholders. But the unsealing of a small batch of government records shows why […]
Read more...Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level
While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.
Read more...Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It
Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...Money and Banking – Financial Crises
The mechanics of financial crises and how an economy gets there.
Read more...Inflation Targeting and Neoliberalism, Part 2
Why inflation targeting is a destructive practice.
Read more...Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative
Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...Inflation Targeting and Neoliberalism
An interview on inflation targeting and its implications.
Read more...Don Quijones: Wrath of Draghi Hits Germans Who Refuse to Blow Their Savings
Draghi plans to beat savers until morale improves.
Read more...Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations
In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Consumer Financial Protection Bureau to Put End to Mandatory Arbitration for Consumer Loans, Credit Cards
Ding, dong, the witch of mandatory arbitration is (on its way to being) dead.
Read more...The Unfairness of Housing Purchases Through Time
Housing has clearly become less affordable over time. What to do about it?
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