Category Archives: Credit markets

UK Banks Will Go Bust Because of Climate Change

The UK has low-lying terrain that has nevertheless been developed and will go underwater with climate change and take a lot of banks with it.

Israel Economy Deterioration Worsens as Gaza Conflict and Other Hostilities Grind On

A fresh look, admittedly based on limited information, at how Israel’s economy is holding up in what is proving to be a protracted conflict

Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High

The US housing market is stalled, yet Biden fans insist that, economy-wise, we live in the best of all possible worlds.

China’s Local Government Financing Vehicles (LGFVs): Ponzi Finance on Steroids

How China’s local government financing vehicles (LGFVs) became China’s most complex economic challenge.

“On a Relative Scale, There’s a Strong Case that Financialization Is Worse in the PRC than the US”

On a relative basis, China is more financialized than the US which is not a pretty picture.

How Effective Is International Aid and Assistance? The Rise of Debt Traps

Special interests and the lack of a unified vision facilitate corruption. Rising debt levels in the developing world suggest a tipping point.

Global South Stagnating Under Heavier Debt Burden

Much higher interest rates – due to Western central banks – damage developing nations via prolonged debt distress and stagnation.

Market Gives Vote of No Confidence in Latest Israel Genocide, Um, War-Financing Bonds

High interest rates for Israeli bond offerings, plus mumble-shuffle by manager Goldman and the SEC, confirm investor doubts about its prospects

Michael Hudson: Marxism, Economic Parasites, and Debt Cancellation

Michael Hudson in a bracing talk, including history of crises, the role of debt, and how ancient Greek and Roman law promoted inequality

The Government’s Deliberate Policy of Prejudicing the Poorest in Our Society Is Imposing Destitution on Millions

UK and US policy are mean to the poor, even though that stinginess costs all of us.

Bizarre Valedictory Interview by CalSTRS Investment Chief, Chris Ailman, Asks Private Equity to Be Nice and Share with Workers

A revealing, and not at all in a good way, discussion of private equity by departing CalSTRS Chief Investment Officer Chris Ailman.

North Ignores ‘Perfect Storm’ in Global South

The risk of rolling financial/economic crises across much of the Global South is high and the pressures seem only to be rising.

‘Rooftop Solar Is the Future, but It’s Also a Scam’

The solar panel business illustrate how corporations will always find the least acceptable solution to any problem, as they have with AI

The Debt Explosion: How Neoliberalism Fuels Debt Crises

Radhika Desai and Michael Husdon provide a data-driven discussion of the inflating and detonation of debt bombs during the neoliberal era.

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.