How This Regional Bank Mortgage Lender Crisis is Different
Every bank crisis has its own overarching narrative and streams of sub-narratives that course through the marketplace day to day.
Read more...Category Archives: Federal Reserve
The Extraordinary Generosity of Central Banks Towards Banks: Some Reflexions on Its Origin
Central banks provide even more gimmies to banks than you likely realized.
Read more...The Fed’s Interest Rates Are Still Fueling Inflation Rather Than Dousing it, and People Getting Used to this Inflation
Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.
Read more...“Crypto Is a Fraud on the Public”: Financial Watchdog Explains Ties Between Crypto and the Banking Crisis
Dennis Kelleher of Better Markets explains why crypto is the last place anybody should be running to for safety.
Read more...Big Food Raking in Huge Profits From Price Hikes as US Hunger Persists: Analysis
Big food company profit-goosing price hikes confirms that the Fed is barking up the wrong tree in going after labor.
Read more...Why I’m Skeptical of Powell’s Claim Red-Hot Rent CPI Will Just Vanish: Landlords Report the Opposite, Even for April
Oopsie! Still perceived-to-be-high housing prices, thanks to higher mortgage rates, is a landlord’s wet dream. Who’d have thunk it?
Read more...Financial Instability in 2022-2023: Causes, Risks, and Responses
Authorities acted promptly and decisively, and each crisis required a unique solution, especially the larger crises
Read more...4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson
US banks keep falling over but the Fed is curiously indifferent.
Read more...Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles?
The Fed seems awfully indifferent to the (so far) low level bank crisis it has created.
Read more...Income Tax Withholding Payments Stumble Again, Signaling Job Weakness. Will the Fed Start to Consider Backing Off?
Income tax receipts are a good proxy for jobs. That measure has suddenly gone wobbly. If that persists, will the Fed blink?
Read more...A Debt Crisis Looming in the Global South?
Martin Guzman explains the role of power in sovereign debt crises and restructurings.
Read more...The Asymmetric Federal Reserve Objective
The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.
Read more...The Impact of Inflation
The IMF takes a wee look at who is hurt by and benefits from inflation.
Read more...The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Read more...Austerity for the Plebes, Bank Rescues for the Rich
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Read more...