The IMF Convenes in Washington, Deaf to the Suffering It Causes Across the Planet
A brief reminder of the IMF record of failure and harm.
Read more...Category Archives: Credit markets
Long Term Real Interest Rates Fell Below Zero in all Euro Area Countries
Is praise of negative real interest rates in Europe making a virtue out of (mis)perceived necessity?
Read more...Bad Debts Make Good Profits – But What Are the Social Costs?
As European borrowers choke on debts they can’t repay, due to a significant degree to austerity-induced weak economies, financial profiteers swoop in to take advantage of the distress.
Read more...Trump’s Fannie/Freddie Privatization Giveaway: Why GSE Reform Is Hard
GSE reform is baack! Or not.
Read more...Marshall Auerback: We Are Clearly Living in a Bizarro Capitalism Era—And It’s Time to Change How the World Manages Economies
Central banks don’t have the tools to address our problems. It will take well-constructed fiscal policy to set right our topsy-turvy economy.
Read more...Life, Deferred: Student Debt Postpones Key Milestones for Millions of Americans
The student debt crisis has produced a decline in homeownership, marriage, and childbearing rates among the young.
Read more...Even Larry Summers Denounces World Bank’s “PEF” Ebola Bonds That Enriched Investors at Expense of the Sick in the Congo
The World Bank wants to double down on financial gimmickry rather than develop the public health infrastructure to combat pandemics.
Read more...How Richard Vague Discovered Gravity: An Interview + Book Review of A Brief History of Doom: Two Hundred Years of Financial Crises
Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.
Read more...Bleak Financial Outlook for US Fracking Industry
The poor economics of fracking may finally be coming home to roost.
Read more...Michael Hudson: Why Frances Coppola’s “The Case for the People’s Quantitative Easing” Is for Banks, Not the People
A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Read more...Mark Blyth’s Incisive Post-Crisis Takedown: “A Brief History of How We Got Here and Why”
Mark Blyth gives a pithy talk on the economic regimes of the modern period and what is likely to be in store.
Read more...Families Drowning in Debt to Stay in the Middle Class
Young people with pretty high incomes are sinking under debt.
Read more...China: The Covert Credit Superpower
An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]
Read more...Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up
A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan
A hard look at Deutsche’s restructuring plan reveals a lot not to like
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