Category Archives: Credit markets

Endowments’ Money Management Destroying Value Demonstrates Economic Drain of Asset Management Business

How endowments, the supposedly best and brightest fiduciaries, are destroying value.

Satyajit Das: Fintech’s ‘Flim-Flam’ Innovation Games

Not surprisingly, fintech looks like a variety of old scams in new bottles.

Foreclosure Looms for Homeowners Who Thought They’d Won, Thanks to Top New York Court Ruling

Foreclosure suits from the financial crisis era get a new life thanks to a ruling by a conflicted New York judge.

Finance Group Fails To Deliver at COP26

Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.

Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly

Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization

How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.

Latest Fed Financial Stability Report Underplays Supply Chain Risk

The financial press overhyped the latest Fed stabilty report’s comments on China, and ignored the near total absence of supply chain woes.

Debt Cancellation: Taxi Drivers Savor Victory as Medallion Debt Bailout Deal Ends Hunger Strike

How New York City taxi drivers won a rare and much needed debt restructuring.

Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst

Famed short-seller Jim Chanos is more concerned with political fallout from China’s Evergrande than economic/financial woes.

Michael M. Thomas, R.I.P

I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.

A Half Century Since The Beginning Of The End Of The Post WW II Economic Order

Marking the 50th anniversary of the end of the Bretton Woods economic system.

Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests

Banks fund new oil pipelines that will generate climate pollution for decades. They are greenswahing their loans as ‘sustainability’ measures

The U.S. Shale Revolution Has Surrendered to Reality

The funding for shale production in the US has dried up as moneybags finally realize that there’s no profit to be had.

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.