Nomi Prins: My Financial Road Map for 2018
Some crystal ball gazing for 2018.
Read more...Category Archives: Credit markets
ECB Spawned Financial Dependency That’s Now Very Hard to Undo
The ECB is very eager to withdraw extraordinary support. But among others, a lot of weak banks are hooked on it.
Read more...China Fails to Woo U.S. With Financial Sector Opening
Why is the US cool about concessions from China that the US has long sought?
Read more...Selling Out Argentina’s Future—Again
How Argentina’s new neoliberal masters are driving the economy back into its old debt crisis ditch.
Read more...Amar Bhide: The Case for Traditional Banking
Amar Bhide gives a clearly-written, compelling argument against a supposed banking “innovation,” securitization.
Read more...The Year in Money
A review of money issues…and mainly not bitcoin.
Read more...Crowdfunding Christmas: Time to Boycott It’s a Wonderful Life
How It’s a Wonderful Life sentamentalizes and reinforces the misguided policy idea that money is scarce and a private good.
Read more...Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy
An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.
Read more...The Bitcoin Bubble
As bitcoin has become a mania, it is also becoming a risk to the real economy.
Read more...Germany’s Dystopian Plans for Europe: From Fantasy to Reality?
For Germany, the idea of Europeanism has allowed its elites to conceal their hegemonic project behind the veil of ‘European integration’.
Read more...New Potential Credit Risk Bombs: Exotic, ‘Nonlinear’ and Private Transactions
Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...Student Loans: Teacher Horror Story a Reminder of Failure to Fix Broken Servicing Model
Democrats fiddle as lousy servicing of student loans further harm borrowers.
Read more...US Treasury Rates Hit Nine-Year Highs
But the yield spread collapses to lowest since early in the Financial Crisis. Even the Fed is worried.
Read more...Why Those Looking for the Next Crisis May be Looking in the Wrong Places
More and more experts are nattering nervously about market risk and occasionally using the “crisis” word. What are the potential hazards?
Read more...Biometric ID Fairy: A Misguided Response to the Equifax Mess that Will Only Enrich Cybersecurity Grifters and Strengthen the Surveillance State
Surrendering biometric information and fancy technology provide no panacea for the problems revealed by the Equifax hack.
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