The US stock market is bullish, but there are signs that the financial system has found new ways to re-produce risky lending crisis eerily familiar to the notorious sub-prime loans in 2008. Michael Roberts is […]
In Switzerland, no one wants to talk about one of their biggest banks just collapsed. In Politico. Read the article HERE.
The insanity of doing the same thing over and over again. From Ann Pettifor’s substack. Read the article HERE.
An overview of where we are up to with the banking crisis, which may have years still to run Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ […]
Incisive read explaining why Central Bank ‘solutions’ to the banking crisis aren’t actually fixing anything. Mareike Beck is a Leverhulme Early Career Fellow at King’s College London. Cross-posted from the LSE EUROPP blog Banking is […]
Stocks have rebounded, but this banking crisis is only just getting started – and the prominent solutions on offer to solve it are all inadequate Michael Roberts is an Economist in the City of London and […]
This is a crisis of the Central Bankers making. To fix it, they must radically shift policy. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the […]
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 […]
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.
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