A Debt Crisis Looming in the Global South?
Martin Guzman explains the role of power in sovereign debt crises and restructurings.
Read more...Category Archives: Federal Reserve
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...Fed-Inflicted Bank Wobbles Persist as Investors Fret About Deutsche
Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
Read more...Crash Landing? Part 2 – The Usual Suspects
What parts of the financial system are most vulnerable to a crash?
Read more...What’s Actually Behind the Banking Crisis? Why You Pay When They Play.
Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
Read more...Crash Landing? Part 1 – Bonfire of the Banks
Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.
Read more...The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation
Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...Lack of Grownups in the Room Exacerbates Bank Freakout
The bank firefighting squad seems to be out on a bender.
Read more...Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.
Read more...Interest Rate Hikes and IMF Bailouts: the US Tries to Roll Back Chinese Influence in the Global South
As higher interest rates and inflation hit developing countries, the IMF is trying to use bailout terms to sideline Beijing.
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