Families Drowning in Debt to Stay in the Middle Class
Young people with pretty high incomes are sinking under debt.
Read more...Category Archives: Credit markets
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
Read more...Bad Loans Still Too High at Eurozone Banks, ECB Warns
The ECB is concerned that the latest fix for bad loans still leaves banks in a weakened state.
Read more...The Inverted Yield Curve
Should we trust the recession warning the yield curve is sending?
Read more...Seventeen Ways to Think About the Finance Curse
A recap of the issues surrounding the Finance Curse, the advanced economy economy analogy of the resource curse.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...ZEN and the Art of Modern Money, Part 3 (MMT)
More MMT for people in a hurry.
Read more...ZEN and the Art of Modern Money, Part 2 (MMT)
MMT for people in a hurry.
Read more...Why You Should Back the Sanders/AOC Plan to Cap Credit Card Interest Rates at 15%, Re-Launch the Postal Savings Bank
A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Read more...Perhaps It’s Time to Start Worrying About Global Corporate Debt, Suggests Bank of England
China’s exploding corporate debt is a cause for pause.
Read more...ZEN and the Art of Modern Money (MMT)
Working through a primer on MMT.
Read more...The Effectiveness of the Global Financial Safety Net Depends on the Tools and Shocks
This column evaluates the effectiveness of the use of IMF support and foreign reserves in globally driven crises
Read more...Empire and Economics: The Long History of Debt Cancellation from Antiquity to Today
Get a cup of coffee. A meaty talk by Michael Hudson, Liz Theoharis, and Aliou Niang on the social and economic logic of debt cancellation back when it was a regular practice.
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