Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Read more...No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.
Read more...The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.
Read more...A major story on the CLOs chooses not to address the key questions.
Read more...Looking at the bloodbath in commercial real estate…..and worse is almost certainly in store.
Read more...US universities are facing a world of hurt.
Read more...Why negative interest rates were a bust.
Read more...Yves here. This short piece looks at some of the intuitions about the relationship between rising household debt levels and increasing inequality. And they sure do look to be connected! By Alina Bartscher, University of Bonn, Moritz Kuhn, Professor, Department of Economics, University of Bonn and Moritz Schularick, Professor of Economics, University of Bonn. Originally […]
Read more...What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.
Read more...Keeping tabs on Fed munificence.
Read more...Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.
Read more...Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
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