interest rates
The Opposition’s shadow Treasurer Angus Taylor (yep, him) has called on the Government to explain why the country relies on a Reserve bank instead of an actual playing bank. ”It’s high time Treasurer Jim Chalmers explained to the Australian people... Read More ›
This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown (see you tube videos), grilling Wall Street titans. Michael Hudson […]
The post Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures appeared first on scheerpost.com.
The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]
The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.
The Reserve Bank of Australia has ruled that all mortgage holders in Australia must receive a kick to the groin each month in a move that is designed to put a hold on inflation. ”We saw yesterday with Valentine’s day... Read More ›
Why that title? Well, the name seems to mislead people into thinking that the provider of student finance is a private institution, potentially making profit out of students, when it is in fact publicly owned. There are 20 shares in the SLC: 17 are owned by the Department for Education (which has responsibility for English-domiciled […]
With the Comprehensive Spending Review due next Wednesday, I thought it might be worth making some general points about student loans (in anticipation of potential changes to repayment thresholds and other parameters). I do not think student loans are a good vehicle for redistributive measures. As I told a couple of parliamentary committees in 2017, […]