The Modern Money Network presents Politics, Corruption, and Campaign Finance: Electoral Machines as part of its “Money” seminar series. WHEN Monday, September 14, 12:00 PM EDT. WHERE William and June Warren (“Big Warren”) Hall, Room L-107 (Basement), Columbia University between 115th Street and 116th Street on Amsterdam Avenue, New York, NY. See map for details. […]
Read more...Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
Read more...Turbulence if and when the Fed raises rates, and from an unexpected source.
Read more...Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.
Read more...I am SO glad to see this post appear. It’s annoying to see investors and banksters whine that they want more liquidity, as if that were a right.
Read more...The above tweet is real and is from Hillary Clinton’s official twitter account. It is very difficult to express how appalling this sentiment is. It represents much of what’s wrong with American politics in our current moment.
Read more...While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.
Read more...Central bank swaps are in some ways quite similar to a standard commercial FX swap, but the differences are important and significant.
Read more...Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...By Nathan Tankus, a writer from New York City. Follow him on Twitter at @NathanTankus Last week Mario Draghi held a press conference following the decision to raise ELA a paltry 900 million dollars for Greek banks. In that press conference he said many things but I’d like to focus on one passage that has gotten […]
Read more...Problems in the banking sector played a seriously damaging role in the Great Recession. In fact, they continue to. Macroeconomic models failed to explain the interaction between banks and the macro economy. The problem lies with thinking that banks create loans out of existing resources. Instead, they create new money in the form of loans. The traditional model greatly understates bank and macroeconomic risk.
Read more...A segment on yesterday’s Boom/Bust program discusses the still-open inspector general criminal investigation into leaks from the Fed.
Read more...The long-anticipated verdict in the AIG bailout trial came yesterday, and the Fed is not happy.
Read more...Why both Keynes and Minsky regarded low interest rates as poor policy.
Read more...Central banks think they’re omnipotent – until they aren’t.
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