America’s Faustian Pact with runaway debt is coming due
The consequence of that policy error was the long slump of the 2010s, compounded by the even larger policy error of Europe’s Lost Decade. Mistimed...
Opinion: The Fed says don’t worry about U.S. banks, but why should anyone believe them?
The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken...
The giant black cloud hanging over Europe’s economic recovery
A remarkable ECB ‘dialogue paper’ last month on QT in the eurozone said the institution “should think more carefully” about the risks of draining reserves...
Living on Our Own Earnings Is the Real Threat of the Debt Ceiling
What’s the big deal about the federal debt ceiling? The controversy in Washington suggests that the federal government won’t be able to spend as much...
Brace for QE all over again, and let us get it right next time
There has been no fundamental reset of the monetary process. The International Monetary Fund says that for all the noise we remain in the grip...
Opinion: ‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says
In January 2022, when yields on U.S. 10-year Treasury bonds TMUBMUSD10Y, 3.511% were still roughly 1% and those on German Bunds were -0.5%, I warned that inflation would be bad...
IRS Seeks Public Opinion for NFTs’ Treatment as Collectibles By CoinEdition
[ad_1] IRS Seeks Public Opinion for NFTs’ Treatment as Collectibles The US IRS proposed to collect tax from NFTs considering them as collectibles. The department...
Opinion: The end of the ‘everything bubble’ has finally hit the banking system. Credit Suisse and SVB might be just the first of many shocks.
Major financial market regime changes typically take place in stages. The crypto meltdown in 2022, for example, incurred about $2 trillion of losses. The technology...
Why the US dollar has become an at-risk currency
Everywhere you turn there’s chatter about the ongoing US economic sanctions against Russia. The Russian Central Bank, Russian banks, Russian companies, Russian oligarchs — and...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
(Updated with news of Silicon Valley Bank’s failure.) As interest rates have risen, many banks have become more profitable because the spreads between what they...