Category Archives: Credit markets

Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level

While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.

Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It

Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.

Money and Banking – Financial Crises

The mechanics of financial crises and how an economy gets there.

Inflation Targeting and Neoliberalism, Part 2

Why inflation targeting is a destructive practice.

Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative

Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.

Inflation Targeting and Neoliberalism

An interview on inflation targeting and its implications.

Don Quijones: Wrath of Draghi Hits Germans Who Refuse to Blow Their Savings

Draghi plans to beat savers until morale improves.

Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations

In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.

Consumer Financial Protection Bureau to Put End to Mandatory Arbitration for Consumer Loans, Credit Cards

Ding, dong, the witch of mandatory arbitration is (on its way to being) dead.

The Unfairness of Housing Purchases Through Time

Housing has clearly become less affordable over time. What to do about it?

Michael Hudson: The Wall Street Economy is Draining the Real Economy

How Wall Street is interjecting itself into the economy so that more and more is diverted to pay interest, insurance and rent.

So Which Eurobank is Having Dollar Funding Problems?

Which Eurobank has led the ECB to tap its dollar swap line with the Fed?

Why I (Belatedly) Blew the Whistle on the SEC’s Failure to Properly Investigate Goldman Sachs

SEC whistleblower Jim Kidney gives more detail about his experience on the shallow investigation of Goldman and the SEC’s failings generally,

Will the Upheaval in Fossil Fuel Industry Take the Rest of the Economy Down With It?

What are the broader implications of the tsuris in the fossil fuel industry?

Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?

Is China as at much risk as Soros suggests it is?