Category Archives: Credit markets

Comparing How the West and China Offer Loans to Developing Countries

China challenges Western institutions. Each side offers distinct and competitive lending strategies for global infrastructure and development

Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?

Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.

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.

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.

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.

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.

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.

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?

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

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.

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.

‘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.

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?

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.

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.