Wolf Richter: Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?
How much apartment building debt is there, and who holds it?
Read more...Category Archives: Moral hazard
Big Banks Grow Bigger and Smaller Banks Disappear, As Mergers Return to Crisis-Hit Eurozone
A fresh wave of bank failures and mergers are set to trigger a new round of consolidation of the Eurozone’s banking system
Read more...The Bakken Boom Goes Bust With No Money to Clean up the Mess
How the Bakken oil boom, particularly hasty development and transport by rail, was destined to create an environmental hangover…..and no one bothered to prevent it.
Read more...“Warren’s Eviction Bill Is Economically and Politically Savvy”
Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.
Read more...The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy
Why using credit as an economic remedy evenutally does more harm than good.
Read more...Wolf Richter: How Ratings Agencies Inflate Credit Ratings to Get Deals & Fees
Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.
Read more...Gene Editing Could Help Save the Planet — If Scientists Can Avoid the Typos
Gene editing does not always work as advertised. And that’s before getting to the fact that genetically modified crops have been found to be less robust than native strains.
Read more...Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?
Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]
Read more...Incentivizing an Ethical Economics
History shows that incentivizing the wealthy to contribute to the population’s basic needs makes everyone a winner.
Read more...Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up
A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...Advertising as a Major Source of Human Dissatisfaction: Cross-National Evidence on One Million Europeans
Advertising is bad for you! And not just your wallet!
Read more...We Need to Stop the Overdiagnosis Disease. Step 1: Remove Vested Interests
Time to stop treating people as targets for disease treatments.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Boeing Doubles Down on 737 Max, Rejects Need for Simulator Training
Boeing is compounding its bad decisions on the 737 Max.
Read more...