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September 14, 2008

Financial Markets
The world is changing, fast

After Argentina was -- at the end of a long, drawn out process -- denied financial support from the IMF and left with no choice other than default and devaluation, the US Treasury encouraged the IMF …

June 24, 2008

China
Why not more articles on China’s reserve growth? And just who are Chinese banks lending to?

Yves Smith asks why the stunning $75 billion increase in China’s April reserves hasn’t attracted more press attention. It is a good question. Part of the answer is that many -- journalists as wel…

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September 8, 2008

Monetary Policy
The stealth bailout, illustrated, in close to real time

Yves Smith -- responding to PIMCO’s Gross -- noted that governments, through the increase in their central bank reserves, have been intervening to support the US financial markets for a while now. Sh…

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December 17, 2008

Monetary Policy
Today’s Fed statement speaks for itself

The Fed cut policy interest rates to zero, more or less. And it signaled that it hasn’t run out of ammunition even if it cannot cut rates further. Not so long as there are still financial asse…

March 10, 2017

Netherlands
Dutch Elections and the Future of the EU

The rise of populist Geert Wilders in the Netherlands is showcasing the pressing need for European Union reform, says expert Pieter Cleppe.