Hoisted From Comments: Neoliberalism Tearing Societies Apart
The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...Category Archives: Doomsday scenarios
Andrew Bacevich: The US in the Middle East – “There Is No Strategy”
At best, the US is waging a war of attrition in the Middle East. And we ignore the fact that people in that part of the world hold grudges for centuries.
Read more...How Bank Networks Amplify Financial Crises: Evidence from the Great Depression
The Global Crisis emphasized the fragility of international financial networks. Despite this, there has been little historical research into how networks propagate financial shocks. This column explores how interbank networks transmitted liquidity shocks through the US banking system during the Great Depression. During banking panics, the pyramided-structure of reserves forced troubled banks to reduce lending, thus amplifying the decline in investment spending.
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...Sanders and Class Struggle in the Democratic Party
Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.
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...Germany and IMF in Staredown Over Greek Debt Relief
The IMF and Germany have staked out irreconcilable positions on Greece. Who will blink first?
Read more...After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Money and Banking – Financial Crises
The mechanics of financial crises and how an economy gets there.
Read more...Trump Slams US Wars in the Middle East
Despite his considerable flaws as a candidate, Trump is making a serious case against US policy in the Middle East.
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...Michael Hudson: Warning to Europe – How the TTIP Threatens Public Health Care and Pensions
Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...As Clinton Looks Vulnerable, Event Risk Favors Trump (and Sanders)
When Donald Trump became the presumptive Republican nominee, you could almost hear the glee from Camp Clinton. Lambert called the tweets from her supporters “giddy”. The pundits saw Advantage Clinton in her presumed lock on women, blacks, Hispanics, as well as the divide of red versus blue states working in her favor. Yet the body […]
Read more...Lynn Parramore: Austerity Without Debt Relief Courts New Unrest in Greece
Economist James K. Galbraith warns that ‘unrealistic expectations’ by creditors of Greece is a recipe for turmoil
Read more...