Stock margin debt is the visible tip of the iceberg of leverage, and it has been growing at a zoo-has-gone-nuts rate.
Read more...The Fed tells the world: Don’t expect us to be ready for the next financial crisis. It’s just too hard.
Read more...Michael Hudson gives a long historical account of the role of debt and money as a tool for promoting prosperity and political dominance.
Read more...A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.
Read more...A short discussion of government bonds and what happens when a central bank holds them.
Read more...Trying to make sense of what the Fed is up to.
Read more...Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...The $1.9 trillion fiscal stimulus should be large because the need is large.
Read more...Reading the tea leaves of the economy after Covid…..assuming an “after Covid”.
Read more...Monetary policy does not lift boats in at all the same way.
Read more...Negative interest rates: a bad idea that some central banks still can’t resist.
Read more...Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
Read more...Money, lending, government spending, QE….all explained in one tidy post!
Read more...Trying to make sense of CARES Act gimmickry.
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