Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019
Why negative interest rates were a bust.
Read more...Category Archives: Credit markets
Modigliani Meets Minsky: Rising Inequality and U.S. Household Debt Since 1950
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...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)
What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.
Read more...Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Keeping tabs on Fed munificence.
Read more...More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?
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...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal
Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?
Read more...A Payments Holiday is More Realistic Than You Think
It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.
Read more...Last Chance to Save the Euro?
The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...The Coming Debt Crisis
Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.
Read more...Coronavirus: More Wheels Coming Off
Some scattered but nevertheless telling signs of coronavirus impact.
Read more...Radical Imagination: Imagining How the World of Finance Really Works
Michael Hudson rings the changes on some of his favorite themes: the logic of ancient debt jubilees. and the role of finance in contemporary rent extraction.
Read more...Michael Hudson: A Brady Bond Solution for America’s Unpayable Corporate Debt
Another sign that America has gone banana republic: Brady Bonds, used in the Latin American debt crisis, would be suitable medicine for our corporate debt hangover.
Read more...Debt and Power: An Interview With Michael Hudson
Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.
Read more...At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should
The UK embraces modern monetary theory….and perhaps hopes no one notices.
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