The Eurozone in Crisis
The Eurozone, despite years of band-aids over gunshot wounds, has managed to soldier on. It may have finally met its match in the coronacrisis
Read more...Category Archives: Currencies
Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Keeping tabs on Fed munificence.
Read more...Last Chance to Save the Euro?
The actions taken so far to salvage the single-currency union expose its fatal flaws. The last bout of stress will be a test to destruction if fundamental changes aren’t made.
Read more...Foreign Exchange Swaps: Hidden Debt, Lurking Vulnerability
How hidden foreign exchange swaps contribute to financial fragility.
Read more...Coronavirus: Australia Faces Calamity
Identifying likely economic road kill from the coronavirus outbreak.
Read more...Michael Hudson on the History of Debt Cancellation, Austerity in Europe, January 2020
Michael Husdon reviews the key themes of his recent book, ……and Forgive Them Their Debts, and discusses German austerity.
Read more...Roiled Repo Markets: Looking for Answers in All the Wrong Places
If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...Facebook’s Libra Faceplant: Beware of CEO Bright Ideas
Libra is going nowhere fast.
Read more...Does France Have an “Exorbitant Privilege”?
Why exorbitant privilege may not necessarily result from having the reserve currency, but instead from the tax games multinationals play.
Read more...Libra Unraveling: Network of “Partners” Like Visa and Mastercard Refusing Even to Give Lip Service
Quelle surprise! Facebook’s touted Libra partners are getting cold feet.
Read more...Mark Carney’s Trojan Unicorn — Are Central Banks Considering Stealth Nationalization in Sovereign Digital Currencies?
Mark Carney talks about digital soverign currencies. But is he really describing nationalization? And if so, whither the commercial banks?
Read more...Libra: The Known Unknowns and Unknown Unknowns
The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.
Read more...Mr. Market Swoons as Trump Administration Escalates Trade War with China With “Currency Manipulator” Charge
Markets are in a tizzy over the US-China trade row. But what might come next?
Read more...Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses
How the US has used its economic muscle to defend its hegemony and the rest of the world is looking to claw power back.
Read more...Trump Was [Selectively] Right About the Dollar
Turns out Trump was not all wrong in saying the dollar was overpriced.
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