Category Archives: Federal Reserve

Mania in Private Equity as Investors Throw Money at Funds

Private equity investors are throwing caution to the wind as even more money chases funds.

So Which Eurobank is Having Dollar Funding Problems?

Which Eurobank has led the ECB to tap its dollar swap line with the Fed?

Towards a Theory of Shadow Money

Struggles over shadow money today echo 19th century struggles over bank deposits.

Youth Unemployment in the Mediterranean Region and its Long-Term Implications

The data on European youth unemployment is sobering, and the migrant influx is making a bad situation worse.

Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well

The practical and political consequences of no big banks getting a pass on their living wills.

Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance

A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.

Martin Wolf Defends Central Banks’ Negative Interest Rate Policies

The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.

Fed Suddenly Having Emergency Meetings as European Banks Also Wobble

The Fed is suddenly looking very nervous, and by contrast, the Europeans don’t seem anywhere nervous enough on the banking front.

Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone

Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.

Negative Interest Rates – Are There Any Positives?

The more you look at negative interest rates, the harder it is to find anything to like.

Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt

Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.

Negative Interest Rate Conundrum

Why are central banks and governments opting for their unusual negative interest rate stance?

Mirabile Dictu: Lead Story at Bloomberg Gives a Thumbs Up to MMT

Bloomberg gives a fairminded and reasonably detailed report on MMT.

Negative Rates, Negative Reactions

A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.

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.