Private debt levels are even higher than in 2008 but super low interest rates make that look less worrisome than it arguably should be. T. Sabri Öncü ponders how to go about large scale debt relief.
Read more...If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.
Read more...How Europe is creating the conditions in Africa that lead to migration….and the underlying stresses are set to get worse.
Read more...An explanation of the Federal Reserve money system.
Read more...A brief reminder of the IMF record of failure and harm.
Read more...Is praise of negative real interest rates in Europe making a virtue out of (mis)perceived necessity?
Read more...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...GSE reform is baack! Or not.
Read more...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...The student debt crisis has produced a decline in homeownership, marriage, and childbearing rates among the young.
Read more...The World Bank wants to double down on financial gimmickry rather than develop the public health infrastructure to combat pandemics.
Read more...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...The poor economics of fracking may finally be coming home to roost.
Read more...A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
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