Over the past three years, bank lending to productive industries — what we might call the “real economy”— has consistently declined, with 2023 seeing a…
Over the past three years, bank lending to productive industries — what we might call the “real economy”— has consistently declined, with 2023 seeing a…
“It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation…
In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, this surplus has…
Reading the tea leaves for the 2024 economy is challenging. On January 5, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages…
US banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in…
Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers…
According to an article in American Banker called “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to…
Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?!…
Congress has passed two major infrastructure bills in the last year, but imminent needs remain. The 2021 Bipartisan Infrastructure Law chiefly focused on conventional highway programmes, and…
George Monbiot in the Guardian on Friday suggested a frightening prospect about the food inflation we are currently experiencing. He says the problem has been…