Satyajit Das: A Disordered World – Part 2: Susceptibilities
Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites
Read more...Category Archives: Banking industry
Sunak Has Been Set Up To Fail and the Likelihood Is That He Will
Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems
Read more...It No Longer Makes Sense for the Bank of England to be Independent
The Bank of England engaged in a mini-coup. But no one seemed to mind because Truss. Will it be reined in?
Read more...In Just 44 Days, Liz Truss Has Made the UK Immeasurably Worse
Truss’ legacy will be one of a tanking pound, soaring inflation, and a seemingly inevitably recession.
Read more...Wheels Come Off for Tories. Update: Truss Resigns
The Tories, who not long ago seemed poised to permanently cripple Labour, are now in a remarkable crisis with no ready exit.
Read more...Brussels Provides Not-So-Subtle Input on Italy’s Next Government
By Conor Gallagher While incoming Italian Prime Minister Giorgia Meloni and her Brothers of Italy Party (Fdl) certainly provide plenty of nationalist and culture war sound bites, they will ultimately be forced to follow EU and NATO marching orders, or they won’t be in power very long. Now that two cabinet picks from Meloni and […]
Read more...The Sveriges Riksbank Counterfeit Nobel Award Goes to Bernanke et al. for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort
Read more...Is the UK About to Hit the Wall?
The UK is in sorry shape…..and is looking like the canary in the economic coal mine.
Read more...The Bank of England Is Bailing Out Pension Funds, Again
So what is going on here? That’s easy to explain. Those who are criticising are looking at what is happening as economists do.
Read more...Washington, Brussels Set Sights on TurkStream Pipeline Amid Crackdown on Ankara-Moscow Cooperation
By Conor Gallagher At the beginning of this year there were four pipelines carrying natural gas from Russia to Europe, and a fifth (Nord Stream 2) was about to come online. Now Nord Stream 1 and 2 are dead, the Yamal Pipeline is closed, and the amount of gas flowing through Ukraine is greatly diminished. […]
Read more...Satyajit Das: The Financial Party Is Coming to an Abrupt End
There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader
Michael Hudson has a wide-ranging talk with Ralph Nader.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock
The G7 plans to use its payments system to enforce a Russian oil price cap, because that worked so well in the shock and awe sanctions.
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