The bind the system is in is this: it can’t reverse 13 years of Quantitative Easing without also reversing the asset-price inflation which resulted from it, which the financial system is built on. Michael Hudson […]
Report in CNN on the chaos at Swiss bank Credit Suisse today. Is this the start of a new financial crisis? Read the article HERE.
There is nothing that money cannot buy in Washington D.C. Dean Baker is a Senior Economist at the Center for Economic and Policy Research (CEPR) Cross-posted from the CEPR Blog Photo: Gage Skidmore licensed under […]
Iurii Motov/Shutterstock Richard Werner, University of Winchester Fifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in energy prices. The war, between […]
The spectacular collapse of Silicon Valley Bank was caused by corruption, financial recklessness, and poor decision-making. With its bailout echoing 2008’s eager bailouts for the rich, it begs the question: How much longer will Americans […]
A wider lens on the dynamics driving the Silicon Valley Bank collapse. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog LAST week, US Fed Chair Jay […]
In serving the financial sector, the Fed painted itself into a corner: What would happen when interest rates finally rose? We are seeing the answer. Michael Hudson is President of The Institute for the Study […]
The rapidly rising interest rates are not only hitting jobs and the property markets, but apparently also banks. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts’ blog […]
As a consequence of the European Central Bank (ECB) raising its interest rates, banks in the euro area will earn €70 billion in unearned windfall profits. Cross-posted from Positive Money Europe There is a huge […]
For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. Read HERE
Copyright © 2023 | MH Magazine WordPress Theme by MH Themes
