Good Riddance, Alan Greenspan
Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.
Read more...Category Archives: Derivatives
Why Trump’s 50 Year Mortgage Scheme Is an Even Worse Idea Than You Imagined
The Trump/Pulte 50 year mortgage scheme is indeed really bad even before getting to the fact that it would probably increase home prices.
Read more...Time Bomb: How Uninsured Stablecoins and Crypto Derivatives Threaten Financial and Economic Stability
Why stablecoins are another finanical train wreck in the making.
Read more...“Could 2008 Happen Again?”
Private debt levels, particularly for real estate, look evocative of the 2008 crisis. But how is a rerun likely to differ?
Read more...Financial Times on Coming Climate-Change-Driven Meltdown in Real Estate: Gradually, Then Suddenly?
A detailed, yet still softball, take on how climate change damage will wreck property values and much of what passes for an economy
Read more...Satyajit Das: Lessons from Japan’s Massive Debt Hangover
While there are things the debt-addled West can learn from Japan, the dirty secret is they were in some key ways in better shape than we are.
Read more...As US Markets Look a Bit Wobbly, the Press Looks for the Next Crisis in the Rear View Mirror
The Wall Street Journal worried about the giddy mood at the annual structured industry conference. But is where to look for the next crisis?
Read more...AI Financial Crises
Yes, Virginia, AI, like older forms of automated trading, has a nasty propensity to cause crises.
Read more...‘Rooftop Solar Is the Future, but It’s Also a Scam’
The solar panel business illustrate how corporations will always find the least acceptable solution to any problem, as they have with AI
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...Plaintiffs in Mammoth RICO/Swiss Law Suit Versus Credit Suisse, Many Directors and Execs, and KPMG for Egregious Misconduct File Response to Defendants’ Objections
An update on a monster lawsuit against Credit Suisse (now UBS), KPMG, and various executives for a decade of very costly misconduct.
Read more...How the Fed Created the Post-2008 Global Safety Net for Banks
The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies.
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...The Overlooked Role of the Financial Crisis in the Subjugation of Europe
Europe faces permanent economic diminution thanks to following US sanctions But did the financial crisis pave the way for this self-sabotage?
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