Revealed: ECB Secretly Hands Cash to Select Corporations
Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Category Archives: Credit markets
Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...SEC Shamed: Whistleblower Refuses Multimillion Dollar Award Due to Ex-Deutsche Bank Attorneys at SEC Protecting Deutsche Execs (and Themselves)
Deutsche Bank whistleblower Eric Ben-Artzi makes a huge financial sacrifice to call out corruption in SEC enforcement.
Read more...How the Fed Promoted “Financial Dominance” and Shadow Banking by Promoting Repo
Yves here. This is a very important post, and sadly I’m not providing it with the introduction and commentary it warrants because I am scrambling to get organized to get out of town. By Daniela Gabor is associate professor in economics at the University of the West of England, Bristol. Originally published at the Institute […]
Read more...Economists Mystified that Negative Interest Rates Aren’t Leading Consumers to Run Out and Spend
It been remarkable to witness the casual way in which central banks have plunged into negative interest rate terrain, based on questionable models. Now that this experiment isn’t working out so well, the response comes troubling close to, “Well, they work in theory, so we just need to do more or wait longer to see […]
Read more...Financialization and its Discontents
Untangling the credit versus money focus in the critiques of financialization.
Read more...European Bank Shares Fall Out of Bed as Monte dei Paschi Rescue Fails to Reassure
Investors in European bank shares are in a bit of a panic, and for good reason.
Read more...Dumb Money Watch: ZIRP-Starved Insurers Beefing Up in Lending as Banks Exit the Pool
Insurers are going long risk at one of the worst possible junctures.
Read more...Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Oil Industry About To Be Burned Again By Fall In Oil Prices
Easy access to capital has driven oil prices lower and is likely to do again as E&P’s directly invest in more rigs ahead of demand.
Read more...Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises
Comparing the market reaction to Brexit with key events during the crisis.
Read more...How Finance Costs Too Much and Fails to Deliver
The costs of looting by the financial services industry are even more staggering than you probably imagined.
Read more...Will Italian Banks Tear Down Europe?
Will Italian banks be the detonator of a political and economic crisis?
Read more...Beyond Credit Rating to Stabilizing an Unstable Economy
The third part in a three-part series on how to fix what is wrong with credit rating agencies.
Read more...Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
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