Category Archives: Banking industry

The Voice of Monetary Policy

A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.

UNCTAD’s Richard Kozul-Wright on the Post-COVID World Economy: Out of the Frying Pan… Into the Fire?

Kozul-Wright warns that for a sustainable Covid-19 recovery, it is key to abandon policies that concentrate economic power and wealth

Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?

Michael Hudson seeks reader input on what to call modern governments not run by traditional nobles or financial interests.

Revealed: The Climate-Conflicted Directors Leading the World’s Top Banks

65% of directors from the banks analysed had connections to polluting industries and obstructive lobby groups.

QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, Up $3.5 Trillion in 13 months

Trying to make sense of what the Fed is up to.

Preparing for a Wave of Non-Performing Loans: Are Banks at Risk?

On a aggregate basis, EU banks appear to have enough capital to weather even a bad Covid storm. A country-by-country look tells another story.

We Have to Consign the Era of Financial Engineering to History

Financial legerdemain is still very much with us, despite the Big One in 2008 and continuing distortions confirming its high cost.

The Bullshit Economy Part 2: Payday Loans 2.0, aka Early Paycheck Apps

Payday loans suck. Giving them a new name does not make them suck less.

Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies

The US and UK are making life a bit harder for tax cheats.

Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts

In an investment environment where nothing matters anymore – until old fasioned worries like leverage suddenly do.

The Full Case Against Ultra Low and Negative Interest Rates

Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.

Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth

Why it’s time for a widespread debt writedown.

The Bullshit Economy: Homebuying “Help”

Introducing “The Bullshit Economy” from Jared Hoist, on products and companies that exist solely to exploit policy failures, in a bad way.

What Happens If Bitcoin Succeeds?

Most of us would not want to live in a society where bitcoin succeeds.

Italy’s Newly Unelected Prime Minister, Mario Draghi, Has Urgent Unfinished Business With the World’s Oldest Bank

In his former role as governor of the Bank of Italy, Draghi was partly responsible for Monte dei Paschi’s di Siena’s decline. Now he must reverse it.