You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...Category Archives: Credit markets
Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement
In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.
Read more...A Brief History of the Mortgage, From Its Roots in Ancient Rome to the English ‘Dead Pledge’ and its Rebirth in America
The backstory of what is now arguably the most widely-used form of lending in principal terms, the mortgage.
Read more...It No Longer Makes Sense for the Bank of England to be Independent
The Bank of England engaged in a mini-coup. But no one seemed to mind because Truss. Will it be reined in?
Read more...Brussels Provides Not-So-Subtle Input on Italy’s Next Government
By Conor Gallagher While incoming Italian Prime Minister Giorgia Meloni and her Brothers of Italy Party (Fdl) certainly provide plenty of nationalist and culture war sound bites, they will ultimately be forced to follow EU and NATO marching orders, or they won’t be in power very long. Now that two cabinet picks from Meloni and […]
Read more...Bank of England Bought Only Small Amounts of Bonds Even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support
The Bank of England has been doing less than believed to rescue the gilts market. But stil not a good look.
Read more...Satyajit Das: The Financial Party Is Coming to an Abrupt End
There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.
Read more...Michael Hudson Discusses Debt, Financial Surveillance, the Fed and More With Ralph Nader
Michael Hudson has a wide-ranging talk with Ralph Nader.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, Already at Lockdown Levels, Drop Further. Active Listings Rise Further
The housing market in the US, not surprisingly, is looking pretty punky.
Read more...Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge
Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen
Read more...Will Europe Go Down to Defeat Before Ukraine?
Europe has succeeded in hurting itself to hurt Russia, to the degree that a full bore economic and financial crisis seems inevitable.
Read more...Joe Biden Could Have Gone a Lot Further on Student Loans
A discusson of the shortcomings of the Biden student loans foregiveness scheme.
Read more...The Bank of England Increasing Interest Rates to 4% – As Markets Expect – Could Be Enough To Bring the Whole Economy Down
The Bank of England is in “Burn the village to save it” mode via interest rate increases which do little to address the causes of inflation.
Read more...Think the Financial Crisis Is Over? Mortgage Servicers Still Abusing Borrowers For 10+ Years, Thanks to Lax Fannie/Freddie Oversight
Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.
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