Category Archives: Credit markets

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

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.

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.

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?

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.

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.

The Coming Debt Crisis

Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.

Coronavirus: More Wheels Coming Off

Some scattered but nevertheless telling signs of coronavirus impact.

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.

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.

Debt and Power: An Interview With Michael Hudson

Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.

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.

Michael Hudson: A Debt Jubilee is the Only Way to Avoid a Depression

In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.

Why Sending $1,000 Checks to Everyone Won’t Solve the Coronavirus Crisis (Updated)

Why the Republicans’ planned coronavirus bazooka isn’t big enough.

Debt and Financial Crises: Will History Repeat Itself?

Unhappy families may all be different, but financial crises are pretty much the same, rooted in debt overhangs, and one has been brewing.