Credit markets
Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
Trying to make sense of CARES Act gimmickry.
Michael Olenick: How Biden Could Tackle the Student Loan Crisis
Biden could resort to a simple bankruptcy fix for the student loan mess. But would he?
Don’t Depend on Wall Street for Renewable Energy Investment
Why Big Finance is part of the energy problem, not the solution.
China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last
A contrarian take on housing.
Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem
Citi's latest run-in with regulators shows why comparing big banks "too big/complex to fail" problems to those of Big Tech is all wet.
Michael Olenick: The Surprisingly Short Road from Abolitionism to Credit Bureaus
Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.
Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump's MMT.
Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague
Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.
Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?