Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Category Archives: Credit markets
World Bank Enables Private Capture of Profits, Public Resources
The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public
Read more...Is China’s Economy Collapsing? Economic War! Michael Hudson & Richard D. Wolff
A wide-ranging talk, using Western bashing of China’s economy as a point of departure.
Read more...Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans
Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.
Read more...How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen
Micheal Hudson and Steve Keen review how finance capitalism prevailed over industrial capitalism, and why that produced bad outcomes.
Read more...Comparing How the West and China Offer Loans to Developing Countries
China challenges Western institutions. Each side offers distinct and competitive lending strategies for global infrastructure and development
Read more...Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?
Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.
Read more...The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares
The Fed again seems unable to contain its bad impulses.
Read more...30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge
Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.
Read more...The Lehman Disaster and Why It Matters Today
On September 15, 2008, Lehman Brothers, a giant investment bank, filed for bankruptcy. The shock was profound; world markets melted down.
Read more...China Schizophrenia: Jake Sullivan Makes Demands, Press Fulminates Its Ambitions as While Overhyping Current Economic Wobbles
The West’s discomfort over China’s influence and economic stature is sometimes a bit too obvious.
Read more...How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...The Bizarre and Widely Disparaged Fitch Downgrade of US Government Debt to AA+
The financial press and Mr. Market shrugged off the Fitch downgrade of US government debt from AAA to AA+. Why?
Read more...Two Overlapping Takes on Inflation
MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash
Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.
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