Satyajit Das: Age of Stagnation or Something Worse?
In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...Junk bonds are at 2008 bottom levels by some measures. But are they a bargain, or a falling safe?
Read more...Argentina’s vultures keep pressing for higher and higher settlement terms, while giving the impression that at some point they would settle. What is the end game?
Read more...Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...Were the Saudis actually not targeting the US shale industry or did their original plans misfire?
Read more...Former Bank of International Settlements chief economist William White criticizes central bank policies sharply, particularly negative interest rates.
Read more...A very readable, information-rich post on what the Fed does and does not do, with emphasis on the nitty-gritty of monetary policy. If you are time-pressed, read the last item in the FAQ first, which is a terse item-by-item debunking of widely made, inaccurate statements about the Fed.
Read more...Bad loans are not the only reason to worry about banks. ZIRP and negative interest rates will bleed them to death, and Eurobanks are at real risk of bank runs.
Read more...I suppose we’re going to have to deal with half-truths and logical stretches about Dodd-Frank right through until November, but Bernie Sanders’ focus on Wall Street has really ramped this up of late. The trajectory appears to be a show of proof of some sort, followed by a blog link from Paul Krugman, at which point the citation hardens into conventional wisdom. The version of this that began a few days ago with Wonkblog’s Matt O’Brien has a level of truth to it, of course, but I don’t think it reveals exactly what its endorsers think.
Read more...Positive Money boosters have failed to consider (or perhaps have failed to publicize) is that it would necessitate draconian controls to prevent the creation of private credit.
Read more...An introduction to Michael Hudson and his latest book.
Read more...Bill Black is not happy about the revisionist history on liar’s loans. And separately, this piece is a useful exercise in the critical reading of narratives.
Read more...A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.
Read more...Why you should expect and applaud federal deficits.
Read more...Believe it or not, liar’s loans may be back.
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