Category Archives: Federal Reserve

Global Economy’s Momentous Shift and Monumental Inequality

An in-depth yet lively debunking by Richard Wolff and Michael Hudson of Panglossian depictions of the state of the US economy and society.

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.

Russian Asset Seizure Scheming: EU and Euro as US War Proxies Would Take Most Risk; USD Assets Only $4.6 Billion

Addressing wide-of-the-mark commentary on the latest too-clever Western idea. of stealing the $300 billion in Russian central bank assets.

Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?

Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.

Rich Nations, IMF Deepen World Stagnation

With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.

Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.

Prices of New Houses Drop Further, -18% Year-Over-Year, Sales Drop, High Inventories Rise Further, Supply Jumps

More unhappy news on the residential real estate front: lotta unsold houses out there!

Why Biden Is in Trouble About the Economy

Why skeptics are correct to doubt the Biden Administration claims touting how well the economy had done under its stewardship.

Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?

Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.

The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares

The Fed again seems unable to contain its bad impulses.

Wolf Richter: Why Longer-Dated Treasury Yields Spiked. It’s Not Magic: Yield Solves All Demand Problems

Tsunami of issuance meets Fed QT, Skittish Foreign Buyers, and US buyers demanding to be compensated for the risks of out-of-control deficits in an inflationary environment.

30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge

Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.

Acceleration of Inflation Continues, Core Services Inflation Spikes Despite the Massive Health-Insurance Adjustment

A year of health-insurance adjustments pushed down core CPI and core services CPI; inflation adjustments swing the other way next month.

September Producer Prices Confirm Tailwind of Falling Commodity Prices Has Ended

The commodity price break, which worked its way down to consumers, is ending. What next?

In the Footsteps of Ptolemy: The ‘Science of Monetary Policy’ and the Inflation of 2021-2023

The impenetrability of this continuously expanding Ptolemaic New Keynesian monetary paradigm is maddening.