Category Archives: Credit markets

The Debt Ceiling End-Game

So what can the Administration do, instead of blink, in the debt ceiling staredown?

The Fed’s Interest Rates Are Still Fueling Inflation Rather Than Dousing it, and People Getting Used to this Inflation

Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.

Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, Even for April

Oopsie! Still perceived-to-be-high housing prices, thanks to higher mortgage rates, is a landlord’s wet dream. Who’d have thunk it?

Peter Pan Bonds to the Debt Ceiling Rescue?

Yet another way to circumvent debt ceilng restrictions isn’t getting the consideration it warrants.

Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles?

The Fed seems awfully indifferent to the (so far) low level bank crisis it has created.

What is Section 4 of the 14th Amendment, “The Validity of the Public Debt of the United States?”

As the Republicans are digging on raising the debt ceilings, the idea of a constitutional challenge is starting to get traction.

Trouble in Multifamily CRE: Two Big Messes, and Investors Are on the Hook, Not Banks

Data about who holds CRE loans is incomplete, but more is owned by investors than the media generally acknowledges.

The Financial Crisis of 2023: Protecting Big Finance, Coming and Going

The financial system needs to provide a safe place for businesses to place their reserves and working capital.

Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche

Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.

How Debt Dynamics Polarize Economic and Political Power

An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.

Crash Landing? Part 2 – The Usual Suspects

What parts of the financial system are most vulnerable to a crash?

What’s Actually Behind the Banking Crisis? Why You Pay When They Play.

Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking

Crash Landing? Part 1 – Bonfire of the Banks

Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.