The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares
The Fed again seems unable to contain its bad impulses.
Read more...Category Archives: Credit markets
30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge
Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.
Read more...The Lehman Disaster and Why It Matters Today
On September 15, 2008, Lehman Brothers, a giant investment bank, filed for bankruptcy. The shock was profound; world markets melted down.
Read more...China Schizophrenia: Jake Sullivan Makes Demands, Press Fulminates Its Ambitions as While Overhyping Current Economic Wobbles
The West’s discomfort over China’s influence and economic stature is sometimes a bit too obvious.
Read more...How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...The Bizarre and Widely Disparaged Fitch Downgrade of US Government Debt to AA+
The financial press and Mr. Market shrugged off the Fitch downgrade of US government debt from AAA to AA+. Why?
Read more...Two Overlapping Takes on Inflation
MMT backer Richard Murphy and London finance organ City A.M. have surprisingly simliar views on the causes of inflation but differ on remedies
Read more...The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash
Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.
Read more...Climate Risk Stress Tests Underestimate Potential Financial Sector Losses
Given the complexity of the link between climate shocks and financial sector outcomes, the authors argue that current methods have several key limitations that may lead to significant underestimation of potential financial sector losses.
Read more...‘We’re Not Doing That’: Why a Black Couple Wouldn’t Crowdfund to Pay Off Medical Debts
Why black patients burdened by medical debt are reluctant to solicit for funds.
Read more...A New Third World Debt Crisis? The Need for System Change
Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?
Read more...Michael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s Future
Michael Hudson gives a globe-spanning look at recent economic and geopolitical events.
Read more...Wall Street Journal Aids Vulture Investors Threatening Second Mortgage Borrowers With Foreclosure….on (Nearly Always) Legally Unenforceable Debt
Mortgage predation is baaack! And the Wall Street Journal aids and abets it by choosing not to undertand the issues.
Read more...No Bargain: Big Money and the Debt Ceiling Deal
What is the real reason Democratic party leaders go along with the debt ceiling ritual?
Read more...The Debt Ceiling End-Game
So what can the Administration do, instead of blink, in the debt ceiling staredown?
Read more...