Experts expected bankruptcies of highly levered borrowers in 2013-2014, but cheap refis under ZIRP bailed them out. We are again at peak leverage, but this time, there’s no prospect of lower rates to provide a rescue.
Read more...Banks suffer a symbolically important loss as Congress plans to whack their dividends from the Fed.
Read more...Commercial real estate has been on a tear that looks to have much more to do with cheap money than real economy prospects.
Read more...Beware! Liquidity traps are even nastier than you thought.
Read more...Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Every time I read a new, improved set of excuses from people like Bernanke, I feel like I’ve walked into my kitchen and turned on the lights after the exterminator paid a visit, only to find cockroaches all over my counter yet again.
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...The Department of Justice may face an early test of its long-overdue policy change, that the government will seek to prosecute individuals, including executives, in a simmering Treasury bid-rigging scandal
Read more...Yes, banks really do want the Fed to raise interest rates.
Read more...Why the Fed should delay its long-anticipated “liftoff”.
Read more...Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...The Modern Money Network presents Politics, Corruption, and Campaign Finance: Electoral Machines as part of its “Money” seminar series. WHEN Monday, September 14, 12:00 PM EDT. WHERE William and June Warren (“Big Warren”) Hall, Room L-107 (Basement), Columbia University between 115th Street and 116th Street on Amsterdam Avenue, New York, NY. See map for details. […]
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.
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