Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.
Read more...The two Bretton Woods institutions the have huge credibility deficits due to the policy conditionalities and advice they have dispensed to developing countries in recent decades.
Read more...A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Read more...Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a .
Read more...Michael Hudson’s latest: Debts that can’t be paid, won’t be. When debts can’t be paid and debtors default, what happens to these creditors?
Read more...What is Libra supposed to bring to us that we don’t have already? Freedom from legacy currencies will have a high price to pay.
Read more...The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.
Read more...Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.
Read more...Why the erosion of personal standards has become a collective risk.
Read more...Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.
Read more...A Wall Street Journal expose of PG&E’s willful failure to maintain its transmission lines, directly tied to California’s most lethal fire, led a judge to demand answers.
Read more...A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...The beginning of an end for Deutsche Bank.
Read more...Financial shocks matter more than US monetary policy. Domestic policies may still mitigate the cycle of global capital flows at the country level.
Read more...Rather than a unified mass transition out of London to another singular hub, the financial industry is using Brexit as an opportunity to diversify. And lawyers are moving to Dublin.
Read more...