Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...This so-called expansion is more and more brought to you by subprime borrowings.
Read more...Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
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Read more...Normally risky credits like junk bonds are the first to react when the Fed starts tightening. But we are not in normal times.
Read more...Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
Read more...The legendary short seller Jim Chanos in a wide-ranging discussion of financial frauds, starting with cryptocurrencies: Bitcoin is the last thing he’d want to own in the event of a catastrophe.
Read more...Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.
Read more...By Don Quijones, Spain, UK, & Mexico, editor at Wolf Street. Originally published at Wolf Street. Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. […]
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Read more...Why debt is the great threat to modern China’s development.
Read more...Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
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Read more...A short and devastating proof that QE was a bust in Japan.
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