Credit markets
Sri Lanka Economic Crisis Inflicted by Self-Serving Elite
How the Sri Lanka debt crisis was decades in the making.
China’s Overseas Lending and the War in Ukraine
Why lending to emerging economies may be collateral damage of the war in Ukraine.
The IMF Connection with the Ukraine Crisis
You can't quite say the IMF is the root of all evil. But it sure made a lot of bad situations worse.
War or Peace, Barbarism or Hope: War Threatens World with Stagflation
A short hisory of stagflation and why it's a pressing risk now.
Stagflation Threat: Be Pragmatic, Not Dogmatic
More discussion of the current, misguided central bank use of interest rates to combat inflation, and what will probably become stagflation.
Is China Socialist or State Capitalist? – Michael Hudson and Patrick Bond
Michael Hudson and Patrick Bond: Will China resist financialization and lead the way on climate policy, or is it practicing capitalism lite?
Reader Apologies re Highlighting Out of Date Scott Ritter Video; Wall Street Buys Russian Bonds, MbS Snubs US Investments, Biden Tries to Arm-Twist India, and Putin Can Still Blow the Peace
Some updates on Ukraine, including having gotten caught in the fog of misinformation.
Fog of Financial Sanctions: Visa and Mastercard Shutdown in Russia Whacks Consumers
Russia is scrambling to deal with being shut off Visa and Mastercard.
A Very Preliminary Look at the Partial Suspension of Russia’s Access to SWIFT
News on the partial SWIFT cutoff for Russia was fuzzy. Despite being included, its central bank intervened in FX markets this AM. What gives?
The Private Equity Industry in the New Interest Rate Environment
Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?