A filing against Barclays presents quite the rap sheet, and also illustrates why it takes legal bloodymindeness to take on these miscreants.
Read more...Currency swap exposures have gotten to be uncomfortably large……
Read more...Perry Merhling’s recent book on Charles Kindleberger finds he had prescient beliefs about the need for a prudent international money minder.
Read more...Data on banks’ investments in European sovereign debt show that trust importantly influences cross-border investment.
Read more...Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...How FTX showering money on both parties to try to paralyze regulators.
Read more...Why the road away from the dollar will have many twists and turns.
Read more...Why the dollar’s demise is not around the corner.
Read more...Quelle surprise! Despite EU and US initiatives to curb corporate use of tax havens, big companies continue to fatten their wallets.
Read more...Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.
Read more...In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.
Read more...The term petrodollar has come to have talismanic value. Time to instill some reality.
Read more...Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.
Read more...The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.
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