Demonetisation disproportionately hurt the poor, as they were robbed of the free means of payment that they used to have at their disposal: cash… Read More Don’t Believe the Hype: Demonetisation in India Was a Great Success — For the Better Than Cash Alliance
Companies are floundering in a river of debt of their own creation… Read More Debt Is Back, But This Time It’s Corporate
Argentina has now become dependent on IMF funding – and the IMF has committed to lend by far the largest amount of money in its history… Read More The IMF Has Learned Nothing from the Greek Crisis
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”… Read More Italy’s Debt Crisis Intensifies
BlackRock is “a market power that no state can control anymore”… Read More Why’s the World’s Biggest Asset Manager Advising the ECB on the Health of EU Banks?
The power of Collateralized Loan Obligations.… Read More “Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans
Who will blink first?… Read More Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies
Once a company becomes a “zombie” it tends to stay a zombie, says the Bank for International Settlements (BIS).… Read More World’s Most Important Bank Issues Urgent “Zombie Alert”
The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come… Read More Secrets and Lies of the Big Bailout
All the talk about how important it is that a central bank be independent is empty nonsense if that does not also include independence from financial institutions… Read More Ben Bernanke’s Waffle House
As long as the markets go up, the investing class has no interest in truth or consequences… Read More What Keeps Them Up At Night
Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.… Read More The Bailouts for the Rich Are Why America Is So Screwed Right Now
