Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Category Archives: Federal Reserve
Negative Real Rates Signify a Broken Financial System
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...Bernanke’s Cockroaches
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...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...Will Banks “Cough Up Executives” in the Treasury Bid-Rigging Scandal?
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...Wolf Richter: Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates
Yes, banks really do want the Fed to raise interest rates.
Read more...Low Unemployment with Falling Capacity Utilization… Not a Good Sign for Fed Liftoff
Why the Fed should delay its long-anticipated “liftoff”.
Read more...Perry Mehrling: What Does Repo Do? And Can We Do Without It?
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...MMN Event This Monday: Politics, Corruption, and Campaign Finance
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...Nomi Prins: Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets
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...Perry Mehrling: A Turbulent Exit, as the Fed Achieves “Lift-off”?
Turbulence if and when the Fed raises rates, and from an unexpected source.
Read more...Perry Mehrling: No One Has a Good Idea of How to Keep the Fed From Having to Rescue Mr. Market Again
Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.
Read more...Perry Mehrling: The Fuss about Market Liquidity
I am SO glad to see this post appear. It’s annoying to see investors and banksters whine that they want more liquidity, as if that were a right.
Read more...“@ Hillary Clinton: How does your student loan debt make you feel? Tell us in 3 emojis or less.”
The above tweet is real and is from Hillary Clinton’s official twitter account. It is very difficult to express how appalling this sentiment is. It represents much of what’s wrong with American politics in our current moment.
Read more...The Decline in Market Liquidity
While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.
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