Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...Category Archives: Credit markets
Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...China’s Raging Bond Bubble Exposed
Yet another China risk warning.
Read more...Negative Real Rates Signify a Broken Financial System
How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Jeff Connaughton: On to Iowa and New Hampshire
Former lobbyist, White House and Senate staffer Jeff Connaughton explains how Naked Capitalism had an impact after the crisis and continues to do so today.
Read more...Payday Lenders Pay Off the System So They Can Keep Ripping Off Borrowers
Paying a visit to payday lenders at one of their conferences.
Read more...The Financial Sector is Too Big
Has the financial sector become too large, absorbing too many resources, and enhancing instabilities?
Read more...The Billion-Dollar Moldovan Bank Scam, Scottish Limited Partnerships, and the UK’s Anti-Money-Laundering Mess
The BBC follows up on the billion-dollar Moldovan bank scam, and Naked Capitalism kicks off a new series on money laundering in the UK
Read more...Bernanke’s Cockroaches
Every time I read a new, improved set of excuses from people like Bernanke, I feel like I’ve walked into my kitchen and turned on the lights after the exterminator paid a visit, only to find cockroaches all over my counter yet again.
Read more...Michael Hudson on Parasitic Financial Capitalism
An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Market Liquidity in Liquid Markets: Pitfalls and Trends
Market liquidity is all about smooth and rapid executions of large transactions. But why is it hard to keep big markets liquid? This column looks at liquidity in fixed-income markets, assesses new trends (as well as the EU’s new market instrument rules), and makes recommendations to policymakers to avoid illiquidity – a timely reminder that the social costs of illiquidity should not be underestimated.
Read more...Frances Coppola: The Great Yield Divergence
Puzzling over the Great Divergence of real and nominal yields. Ever since the Great Depression, nominal yields have been persistently above real yields Yet in the previous 200 years, despite periods of fiat currency and high inflation, real and nominal yields didn’t diverge. Why do they now?
Read more...Wolf Richter: This is When Bonds Go Kaboom!
It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes.
Read more...Will Banks “Cough Up Executives” in the Treasury Bid-Rigging Scandal?
The Department of Justice may face an early test of its long-overdue policy change, that the government will seek to prosecute individuals, including executives, in a simmering Treasury bid-rigging scandal
Read more...Wolf Richter: Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates
Yes, banks really do want the Fed to raise interest rates.
Read more...