Category Archives: Federal Reserve

Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding

Peeling back more layers of the SVB implosion and its broader implications.

US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare

An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.

Fed Hawkishness, Crypto Implosion, and Private Equity Subscription Lines of Credit Imperil Silicon Valley Bank and Freak Out Bank Stock Investors

Silicon Valley Bank: ultimately a Fed victim?

New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things

Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.

Annual Services Inflation Rages at New Four-Decade High, Monthly Overall CPI Hottest Since June

Inflation is still very much with us….as if you didn’t know that.

The Correlation Between Oil Prices And Inflation Isn’t Straightforward

More debate about the role of energy price increases in consumer inflation.

James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response

Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy

US Inflation Policies Slowing World Economy

The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.

Radhika Desai and Michael Hudson Discuss the Causes and Politicization of Inflation

Desai and Hudson debunk widely-believed, finance-and-elite-serving myths about inflation.

Rural Americans Aren’t Included in Inflation Figures – and for Them, the Cost of Living May Be Rising Faster

The fact that the Bureau of Labor Statistics surveys only urban populations for the consumer price index could be masking a rural-urban inflation gap.

Debt Ceiling Arm Wrestling Targets Ukraine Spending

The upcoming debt ceiling fight has an unusual feature: Republican opposition to military pork, or at least the Ukraine variety.

Google’s Stock Climbed After It Fired 12,000 Employees—But What Did They Get Out of It?

Tech companeis laying off tens of thousands of employees, underscoring their fixation on short-term performance metrics.

Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance

More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.

The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy

A new analysis finds our inflation comes first from Covid/sanctions supply shocks and second, spending by the rich, not government spending.

Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets

ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.