US Fed-Induced World Stagnation Deepens Debt Distress
US and Fed bad cooking has led to weak growth the world, and by urging poor countries to borrow at once-low rates, debt distress.
Read more...Category Archives: Credit markets
Power in Sovereign Debt Markets: Explaining the Uneven Debtor–Creditor Landscape and Its Implications
A long time ago, the US intervened on the side of underwater sovereign borrowers. Private creditors now extract even more than back then.
Read more...Heatwaves Ripple into the Financial System
Heat stress affects the financial system by increasing defaults and producing tighter lending terms to others in the same area.
Read more...Michael Hudson: Modern (Mis)interpretations of Ancient Debt Cancellation
Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...Status of Banks’ Unrealized Losses in Q1: Worsened After Brief Rate-Cut-Mania Relief
US banks are still sitting on losses, with Fed relief nowhere in sight.
Read more...The IMF’s Chronicle of a Catastrophe Foretold
A dour IMF forecast bodes ill for developing economies and provides more confirmation of crises in the offing.
Read more...UK Banks Will Go Bust Because of Climate Change
The UK has low-lying terrain that has nevertheless been developed and will go underwater with climate change and take a lot of banks with it.
Read more...Israel Economy Deterioration Worsens as Gaza Conflict and Other Hostilities Grind On
A fresh look, admittedly based on limited information, at how Israel’s economy is holding up in what is proving to be a protracted conflict
Read more...Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High
The US housing market is stalled, yet Biden fans insist that, economy-wise, we live in the best of all possible worlds.
Read more...China’s Local Government Financing Vehicles (LGFVs): Ponzi Finance on Steroids
How China’s local government financing vehicles (LGFVs) became China’s most complex economic challenge.
Read more...“On a Relative Scale, There’s a Strong Case that Financialization Is Worse in the PRC than the US”
On a relative basis, China is more financialized than the US which is not a pretty picture.
Read more...How Effective Is International Aid and Assistance? The Rise of Debt Traps
Special interests and the lack of a unified vision facilitate corruption. Rising debt levels in the developing world suggest a tipping point.
Read more...Global South Stagnating Under Heavier Debt Burden
Much higher interest rates – due to Western central banks – damage developing nations via prolonged debt distress and stagnation.
Read more...Market Gives Vote of No Confidence in Latest Israel Genocide, Um, War-Financing Bonds
High interest rates for Israeli bond offerings, plus mumble-shuffle by manager Goldman and the SEC, confirm investor doubts about its prospects
Read more...Michael Hudson: Marxism, Economic Parasites, and Debt Cancellation
Michael Hudson in a bracing talk, including history of crises, the role of debt, and how ancient Greek and Roman law promoted inequality
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