Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
Read more...Category Archives: Currencies
Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?
Sanders’ financial transactions tax plan hasn’t gotten the hearing it deserves.
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to Act
A new leak shows the IMF as the least bad actor of the Troika, which given its record as a neoliberal fist in third world countries, speaks volumes about European politics.
Read more...Is an Aussie Debt Crisis Around the Corner?
Australia’s macro numbers are looking more worrisome by the minute. Is this a trajectory to a debt crisis?
Read more...Negative Interest Rates – Are There Any Positives?
The more you look at negative interest rates, the harder it is to find anything to like.
Read more...Brexit Endangers London’s Status as a Financial Hub
Brexit could damage London’s attractiveness as the centre of European banking, as an entry point to the EU and as a global financial hub.
Read more...The IMF and the Next Crisis
The IMF is now expected to be the first responder to a financial crisis when it may be less well equipped than in the past.
Read more...Germany Lays the Foundations for a New Eurozone Debt/Banking Crisis
It’s astonishing to see Germany take active steps to wreck the Eurozone.
Read more...China’s Vulnerable External Balance Sheet
A look at the risks of China’s external debt.
Read more...The China Delusion
Why the path forward for China is fraught from both an economic and political standpoint.
Read more...Michael Hudson Discusses the Federal Reserve and the Global Fracture
Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.
Read more...Randy Wray: American Colonial Currency (Debt Free Money, Part 4)
The American Colonial experience with note issue is consistent with what MMT has been saying for the past quarter century.
Read more...Randy Wray: The Value of Redemption (Debt Free Money, Part 3)
Repeat after me: creation comes before redemption. Always!
Read more...Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?
Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.
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