As the Ukraine War Drags On, It’s Time to Reassess the Impacts of Sanctions
The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.
Read more...Category Archives: Banking industry
Two Overlapping Takes on Inflation
MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...Central Banks and Income Distribution: Does the Taylor Rule Push Up Rentier Incomes?
An explanation of how a favorite Fed rate setting tool, the Taylor Rule, promotes inequality by shifting income away from workers.
Read more...Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Read more...Russian Central Bank Governor Elvira Nabiullina and Head of “BRICS Bank” Throw Cold Water on BRICS Currency Project
We’re late to a story that interestingly has been very much under-reported, perhaps because it is contrary to the anti-globalist narrative….already a minority faction in the Anglosphere. We’ve said for some time that the prospects for replacing the dollar are a long way away, even more so with a newly-created, reserve currency aspirant. Our views […]
Read more...James Galbraith: How Central Bank Myths and Practices Support Financiers and Dollar Hegemony
Sadly, some bank-serving fables are very durable, so James Galbraith has (yet another) go at them.
Read more...Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt
A deep dive on developing country debt crisis and how they reveal the workings of international finance.
Read more...When Artificial Intelligence Becomes a Central Banker
Artificial intelligence is expected to be widely used by central banks as it brings considerable cost saving and efficiency benefits
Read more...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
Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
Read more...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
Read more...A New Third World Debt Crisis? The Need for System Change
Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?
Read more...Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct
Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.
Read more...Bill Black and Michael Hudson on Corruption in Finance
A deep dive into why big money players have become critical to big corruption.
Read more...Michael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s Future
Michael Hudson gives a globe-spanning look at recent economic and geopolitical events.
Read more...How This Regional Bank Mortgage Lender Crisis is Different
Every bank crisis has its own overarching narrative and streams of sub-narratives that course through the marketplace day to day.
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