Tag: Credit markets

Marshall Auerback: Apple Has an Early Case of GE’s Disease

By Marshall Auerback, a market analyst. Produced by the Independent Media Institute The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating toward […]

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Wolf Richter: The State of the American Debt Slaves, Q3 2018

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to […]

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White-Collar Criminals Got Off Scot-Free After the 2008 Financial Crisis — and That Helped Fuel President Trump’s Rise

By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at the Independent Media Institute n the aftermath of the worst financial crisis since the Great Depression, bank officials at HSBC admitted to the Department of Justice that the bank violated the Bank Secrecy Act, the […]

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Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”

Yves here. Lambert sent me the ridiculous article that Bill Black debunks, and I may have a go at it myself. The short version is Greg Mankiw based his piece on a book by Lawrence Ball, The Fed and Lehman Brothers, which makes the factually challenged claim that Lehman was suffering a mere liquidity crisis, […]

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China Pumps $74B Into Banks Amid Credit Crisis

By Alex Kimani, a veteran finance writer, investor, engineer and researcher for Divergente Research LLC and Safehaven.com. Originally published at Safehaven Worried about an economic slowdown amid worsening trade relations with the U.S. and a credit crisis sparked by a massive deleveraging drive, China’s central bank, the People’s Bank of China (PBOC), has unexpectedly made […]

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Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

Yves here. In this Real News Network interview, Micheal Hudson explains why IMF “programs” inevitably hurt workers. SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. The most […]

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America’s Subprime Economy

An important story in Reuters (hat tip Scott) described how the current expansion, in a break with the past two decades, depends on the spending of lower-income households, and that spending in turn is heavily dependent on rising debt levels. The bottom line is that the last two years of growth were brought to you […]

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Michael Hudson: Argentina Gets Biggest IMF Loan in History

In this this Left Out podcast of The Hudson Report, a weekly series produced by Left Out with the economist Michael Hudson, Paul Sliker speaks with Hudson about the economic and political implications of the International Monetary Fund’s $50 billion loan to Argentina, which is the largest IMF credit line in history. Hudson is research professor […]

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Don Quijones: How the ECB Helped Spain “Recover” Faster than Italy from the Crisis

By Don Quijones of Spain, the UK,and Mexico, and editor at Wolf Street. Originally published at Wolf Street In April 2017, the IMF predicted that by the end of the year the Spanish economy would overtake Italy’s in per-capita GDP. It didn’t happen, but Spain does continue to close the gap on Italy. In 2017, Spain […]

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Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street. High-grade corporate bonds are “gradually” – the key word in everything the Fed says – and reluctantly coming to grips with the new era: Yields are rising and bond prices are […]

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The Battle for Money Has Begun

Yves here. At the beginning of the week, we republished a post by Richard Murphy which gave a high level explanation of why the Swiss banking reform referendum is misguided. Remarkably, the Financial Times’ Martin Wolf came out in favor of the Swiss referendum. Or maybe not. Wolf is prone to pump for ideas of […]

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Jim Chanos on Fraud: “Cryptocurrency Is a Security Speculation Game Masquerading as a Technological Breakthrough”

By Lynn Parramore, Senior Research Analyst, Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Jim Chanos, founder and managing partner of New York-based Kynikos Associates, has spent much of his career studying financial fraud. He shares his thoughts with the Institute for New Economic Thinking—where he is a […]

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