Economics
Shaun Richards: The ECB is learning the hard way that precommitting on interest-rates is a mistake
A look at today’s 0.5% interest increase by the ECB and its consequences Read HERE
Financial Institutions
Economics
Les Leopold – What Will It Take to End the Billionaire Bailout Society We Live In?
With echoes of 2008, the collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors. Exactly how long will we allow this to continue? Les Leopold is the director of […]
Economics
Yanis Varoufakis – Why did the Silicon Valley Bank go bankrupt and trigger a banking crisis? Are we back to 2008?
Every systemic banking crisis has a trigger that sets it off. In the case of SVB, the reason for its bankruptcy is twofold. Yanis Varoufakis is a former Finance Minister of Greece, Professor of Economics […]
Economics
Michael Roberts: Moral hazard or creative destruction?
Letting big banks go to the wall is not on the agenda of states today, but saving them prevents the ‘creative destruction’ capitalism needs to renew itself. Michael Roberts is an Economist in the City of […]
Economics
Michael Hudson: Why the bank crisis isn’t over
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 […]
Economics
Mark Thompson, Anna Cooban: Credit Suisse shares crash as Saudi investor rules out more funds
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.
Corruption
Dean Baker – SVB Was Donald Trump’s Bailout
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 […]
Economics
Richard Werner – Why central banks are too powerful and have created our inflation crisis – by the banking expert who pioneered quantitative easing
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 […]
Corruption
Branko Marcetic: Silicon Valley Bank’s Collapse Shows Little Has Changed for Big Banks Since 2008
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 […]
Economics
Michael Roberts: Monetary tightening, inflation and bank failures
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 […]