After the Argentina Debacle, the IMF Endorses Weakening Capital Controls in Ecuador
The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity.
Read more...The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity.
Read more...Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.
Read more...Debunking the pretense that the economics discipline is neutral or objective.
Read more...When is a payday loan still pretty much a payday loan? When it’s an installment loan with annual interest rates over 100%.
Read more...A reappraisal of Volcker, who was more hostile to workers and less hard on financiers than the press would have you believe.
Read more...Claims that a financial transaction tax would be difficult to implement and raise little revenue are fake news.
Read more...Subprime loan repayment continues to deteriorate. What is going on?
Read more...How the Fed’s fingerprints are all over the repo mess.
Read more...The first major discussion of negative interest rates recounted in the FOMC minutes show serious disapproval.
Read more...Some of the rich are feeling the pinch. Is this a passing phenomenon or a sign of things to come?
Read more...Private debt levels are even higher than in 2008 but super low interest rates make that look less worrisome than it arguably should be. T. Sabri Öncü ponders how to go about large scale debt relief.
Read more...If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.
Read more...How Europe is creating the conditions in Africa that lead to migration….and the underlying stresses are set to get worse.
Read more...An explanation of the Federal Reserve money system.
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