Category Archives: Federal Reserve

Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out

A major story on the CLOs chooses not to address the key questions.

Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019

Why negative interest rates were a bust.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)

What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam

Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)

Muni purchases are finally here

The FT Says It’s Time for the Bank of England to Start Direct Funding of the Government: Modern Monetary Theory Has Won the Day

Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.

Michael Hudson: A Brady Bond Solution for America’s Unpayable Corporate Debt

Another sign that America has gone banana republic: Brady Bonds, used in the Latin American debt crisis, would be suitable medicine for our corporate debt hangover.

At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should

The UK embraces modern monetary theory….and perhaps hopes no one notices.

The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens

The Fed just told everyone to assume the brace position.

After Bloody Day, Coronavirus Meltdown Continues. Big Danger: Italian and Eurobanks Are Set To Blow

So many coronavirus panics that a looming risk is getting little notice: implosion of Italy’s banks, a potential Credit Anstalt event.

Coronavirus Reveals the Cracks in Globalization

Coronavirus risks a series of shortages that can be mitigated only by bringing some production back home.

Coronavirus: Bracing for the Economic Shockwave

The coronavirus spread is setting up a nasty real economy-financial system contraction.

Debt Has Not Been Caused by Low Interest Rates, but Higher Rates Would Topple the Whole World Economy

Yet more official hand-wringing about interest rates…when they aren’t the core economic problem.

Sweden Retreats from Negative Interest Rate Experiment

Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.