Payday Lending Rule Survives…For Now
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...Category Archives: Credit markets
Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?
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. […]
Read more...Can Canada’s Mutual Help Financial Organizations for Disenfranchised Blacks Serve as a Model for the Un and Underbanked in the US?
Are Canada’s mutual-assistance-based financial groups a guide for how minority and disadvantaged groups can escape the tax of overpriced bank services like check cashing?
Read more...Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road
Why debt is the great threat to modern China’s development.
Read more...Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt
Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
Read more...Wolf Richter: What Will Rising Mortgage Rates Do to Housing Bubble 2?
Investors have fixated on the rise in Treasury yields. Perhaps they should worry more about what the Fed’s rate increases are doing to mortgage rates.
Read more...Bill Mitchell: QE Failed in Japan
A short and devastating proof that QE was a bust in Japan.
Read more...Disruptive Finance Huffing and Puffing Won’t Blow Big Bank Houses Down
Why newfangled finance will not have much impact on the banking industry.
Read more...Another Big Retailer Gets Liquidated
Retailers in bankruptcy are notoriously hard to restructure.
Read more...Trade War or Not, China Risks a ‘Minsky Moment’
How China’s officials are trying to protect the county’s economic glass jaw.
Read more...Michael Hudson: Origins of Money and Interest: Palatial Credit, Not Barter
A deep dive into the origins of credit and money, along with the political implications of different theories.
Read more...The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation
Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.
Read more...Winners and Losers as PE Firm Cerberus’s Remington “Rollup” Collapses into Bankruptcy
Who are the bagholders in the Remington bankruptcy?
Read more...Central Banks in the Age of Populism
Central banks are under more and more pressure to respond to public dissatisfaction with their stewardship. Is that such a bad thing?
Read more...How Well Does Financial Regulation Work?
Sadly, reactive regulations don’t have a great track record.
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