Category Archives: Credit markets

Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road

Why debt is the great threat to modern China’s development.

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.

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.

Bill Mitchell: QE Failed in Japan

A short and devastating proof that QE was a bust in Japan.

Disruptive Finance Huffing and Puffing Won’t Blow Big Bank Houses Down

Why newfangled finance will not have much impact on the banking industry.

Another Big Retailer Gets Liquidated

Retailers in bankruptcy are notoriously hard to restructure.

Trade War or Not, China Risks a ‘Minsky Moment’

How China’s officials are trying to protect the county’s economic glass jaw.

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.

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.

Winners and Losers as PE Firm Cerberus’s Remington “Rollup” Collapses into Bankruptcy

Who are the bagholders in the Remington bankruptcy?

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?

How Well Does Financial Regulation Work?

Sadly, reactive regulations don’t have a great track record.

Monetary Policy and Fiscal Discipline: How the ECB Planted the Seeds of the Euro Area Crisis

How the ECB did Euro-area member states a dirty when it tried to act as deficit enforcer.

Elizabeth Warren Slams Democrats for Helping Gut Financial Regulations

The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.

FinTech and Banks

Why FinTech will not be as disruptive as its promoters would have you believe.