The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Category Archives: Credit markets
World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...Wolf Richter: My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient”
Not surprisingly, given economic weakness in Europe and China plus Trump trade war saber-rattling, the Fed seems less gung ho about the health of the economy than it was last summer.
Read more...China’s Mountain Of Debt Is About To Crumble
A worrying update about China’s corporate debt.
Read more...Reining in Leveraged Lending
Yves here. This article pre-supposes that readers understand that most leveraged lending is taking place as a result of private equity, via two routes. First, private equity funds use a great deal of borrowed money when buying companies. One of the biggest sources is so-called leveraged loans, which are normally originally made by banks, but […]
Read more...Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble?
China gets a cold and California real estate gets pneumonia.
Read more...The Natural Rate of Interest Is Anything But
Central bankers pursue a “neutral” rate that doesn’t exist.
Read more...MMT’s Opening
Another go at clearing up press and pundit misrepresentations of MMT.
Read more...China Won’t Be Taking Over
Why China is fragile and starting to look wobbly.
Read more...Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
Read more...Global Uncertainty Is Rising, and That is a Bad Omen for Growth
The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.
Read more...IMF, Warren Sound Alarm on Leveraged Lending
Concerns are building over the extent of leveraged lending, among regulators and politicians and the private sector alike. Some, such as Sen. Elizabeth Warren see troubling signs that recall risks that triggered the Great Financial Crisis.
Read more...Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
Read more...Wolf Richter: The State of the American Debt Slaves, Q3 2018
Consumer debt continues to grind upwards.
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