China Banks in 2017: No Rebound in Sight, Rising Risks for Smaller Banks
Why there is no cause for cheer on the China banking front.
Read more...Category Archives: Credit markets
Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)
Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Demonetisation: India’s Stress Test
Did India’s sudden removal of 86% of hard currency from circulation achieve its aim of fighting corruption? And how much did it hurt growth?
Read more...How Obama Framed Trump with Faux Mortgage Insurance Rate Decrease
There are many things for progressives to criticize Trump about. The Obama mortgage deduction sleight of hand isn’t one of them.
Read more...The Obama Administration Bails Out Private Equity Landlords at the Expense of the Middle Class: Government Guarantees for Rental Securitization
So how much did Blackstone promise to give to the Obama library for this huge grift, um, parting gift? As regular readers may recall, private equity firms piled into buying foreclosed single family homes on the belief that if the government (in this case, Fannie and Freddie) was selling, they wanted to be buying. And […]
Read more...Wolf Richter: Mnuchin as Sears Director Oversaw Asset Stripping, Underfunding of Pension; Faces Conflict as Treasury Secretary
Treasury Secretary nominee Steve Mnuchin only got his hair messed up a bit at his Senate confirmation hearing.
Read more...Ending Too Big to Fail
Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]
Read more...How The Bond Buyer Hyped a Goldman Ripoff of DC Water as “Deal of the Year”
Municipal bond publication The Bond Buyer gives itself a black eye by touting a ripoff of a sewer and water authority as a good deal.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy
How central banks’ policy remedies have taken big steps backwards.
Read more...F@ck Work?
Why arguments against work are another manifestation of neoliberalism.
Read more...Don Quijones: Power & Profit Fuel War on Cash in Europe
Be warned: European officials have already starting taking tough moves in the war on cash.
Read more...Republicans Likely to Pass “Audit the Fed”
“Audit the Fed” is likely to become law. It’s about time.
Read more...Ambrose Evans-Pritchard: Trump Effect Won’t Stop Credit Crunch
Forecasts for the US depend heavily on what Trump might actually get done. Ambrose Evans-Pritchard thinks Mr. Market is out over his skis.
Read more...Nomi Prins: My Political-Financial Road Map for 2017
Some specifics of why political risk and central bank policy will make for a wild ride in 2017.
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