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...An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...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...Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.
Read more...Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...Mind you, the rating agencies are far from the only neoliberal enforcers as far as emerging economies are concerned. But it is nevertheless instructive to compare an official rationale with data.
Read more...Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
Read more...Now that 495 of the S&P 500 companies have reported second quarter earnings, something has become abundantly clear: 2015 is going to be a nasty year for corporate revenues.
Read more...By Don Quijones, of Spain and Mexico. Originally published at Wolf Street Tough times for Mexico’s very richest. A couple of weeks ago, I reportedthat Carlos Slim, once the world’s richest man and the undisputed Big Boss of Slimlandia, as Mexico has come to be called, lost $7 billion in the first seven months of 2015. But […]
Read more...It’s hard to short China, but not so hard to short China’s currency, and that’s a problem for the central bank.
Read more...The IT challenges of a Grexit are important not only in and of themselves, but as a window into the creaky state of bank IT and the systemic risk it poses.
Read more...A new study has important implications for IMF policies as well as for Greece, both “reformers” and those who advocate a Grexit.
Read more...Why believing that there must be an easy way for Greece to pull of a Grexit does not make it so.
Read more...Struggling economies that compete with China are going to protect their exports against Chinese encroachment via currency depreciation.
Read more...Why selling magic sparkle ponies, in the form of presenting a conversion to the drachma as easy when it isn’t, makes for bad IT and even worse policy prescriptions.
Read more...A thorough discussion of the background and implications of the so-far modest devaluation of the RMB.
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