China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...What is deflation? What has caused inflation to fall? And why is there no such thing as ‘good deflation’?
Read more...Puerto Rico fails to pay $37.3 million in bonds due today. While investors and analysts call it a bluff, the stakes are quite real.
Read more...Deflation will become an even more powerful and destructive force in 2016.
Read more...More discussion of the problems with the “debt-free money” construct, to the extent that it can even be called a construct.
Read more...How the West is deploying the IMF to fight the nightmare scenario of US geopolitical strategists: foreign economic independence from the US.
Read more...How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...How understanding the history of Fannie and Freddie, as well as how unnatural US mortgages are, helps explain why the fight over the future of the GSEs continues.
Read more...How Michael Lewis’ The Big Short, whether for profit or by accident, has denied the public the truth about what really causes the crisis.
Read more...John Dizard, who perhaps by virtue of being one of the Financial Times’ most original and insightful columnists, is relegated to its weekend “Wealth” section, has written a particularly important pair of articles. Note that Dizard’s ambit is not policy wonkery but apt and often cynical observations about behavior and trading patterns in less visible […]
Read more...German financialization and input on the eurozone’s financial architecture promoted deficits, increased systemic risk, and facilitated the onset of Europe’s subsequent crises.
Read more...Experts expected bankruptcies of highly levered borrowers in 2013-2014, but cheap refis under ZIRP bailed them out. We are again at peak leverage, but this time, there’s no prospect of lower rates to provide a rescue.
Read more...How Argentina’s former president Kirchner’s loss is vulture fund chief Paul Singer’s big win.
Read more...Unnerving events in the junk bonds market.
Read more...Commercial real estate has been on a tear that looks to have much more to do with cheap money than real economy prospects.
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