Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
Recent Items
Friday, June 27, 2025
Wolf Richter: End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff
Topics: Banking industry, Federal Reserve, Investment banks, Investment management, Investment outlook, Ridiculously obvious scams
Posted by Lambert Strether at 6:25 am | 2 Comments »
CDC’s HICPAC Prepares to Whack More Patients as Infection Control Experts Gather for August 22 Teleconference on Masks
“We said we’d *control* infection, right?”
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 4:30 pm | 34 Comments »
2:00PM Water Cooler 7/10/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 89 Comments »
Correlations Among Risks: Lessons from the Silicon Valley Bank Collapse
Bank regulation and intervention measures should be focused on the correlations and causal relationships between risk drivers
Topics: Banking industry, Regulations and regulators
Posted by Lambert Strether at 12:10 pm | 5 Comments »
Links 7/10/2023
Topics: Links
Posted by Conor Gallagher at 6:55 am | 93 Comments »
Underestimate Russia at Your Own Risk: A Comparison of Hubris by Germany During WWII and Today’s Collective West
The miscalculations by Berlin in the second world war and Washington/NATO today are eerily similar.
Topics: Doomsday scenarios, Europe, Russia
Posted by Conor Gallagher at 6:00 am | 150 Comments »
Iraq’s Climate Crisis: America’s War for Oil and the Great Mesopotamian Dustbowl
Juan Cole examines the US climate change crimes against Iraq and how the neocon’s destructive foreign adventures are increasingly as if the US is invading itself.
Topics: Environment, Global warming, Middle East
Posted by Conor Gallagher at 5:00 am | 13 Comments »
The Impact of Brexit on the UK economy: Reviewing the Evidence
Two-thirds of the British public think Brexit has damaged the economy, and all indications are that they’re right. Where does the UK go from here?
Topics: Banana republic, Brexit, Economic fundamentals, Europe, Macroeconomic policy, UK
Posted by Conor Gallagher at 4:00 am | 11 Comments »
Links 7/9/2023
Topics: Guest Post, Links
Posted by Conor Gallagher at 6:55 am | 222 Comments »
Turkiye Refuses to Back Down on Sweden Accession Ahead of NATO Summit
Will the West give Erdogan what he wants?
Topics: Energy markets, Europe, Infrastructure, Middle East, Politics, Russia, Turkey
Posted by Conor Gallagher at 6:00 am | 20 Comments »
Kakhovka Dam Breach in Ukraine Caused Economic, Agricultural and Ecological Devastation That Will Last for Years
Ukrainian yields had already fallen by as much as 60 percent. With the loss of the dam and reservoir, agricultural production will shrink further, affecting food security around the world.
Topics: Commodities, Environment, Europe, Guest Post, Russia
Posted by Conor Gallagher at 5:00 am | 31 Comments »
Links 7/8/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 222 Comments »
The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash
Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.
Topics: Banana republic, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Private equity
Posted by Yves Smith at 3:10 am | 29 Comments »
It’s Not That Hard to Solve Homelessness
America has the means to substantially alleviate homelessness but not the desire.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, Real estate, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 12:10 am | 63 Comments »
2:00PM Water Cooler 7/7/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 98 Comments »