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Daily Archives: June 14, 2017
Plea for Glass-Steagall continues on Hill today
Excellent, must-understand-article from Paul Craig Roberts on the necessity for a return to hard divisions between taxpayer-backed bank deposits and product sales and speculation by investment banks, should be read by everyone. See: Without Glass-Steagall America will fail. I would … Continue reading
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Cov-lite loan madness back with a vengeance
Dramatically under-pricing capital risk has been the hallmark of the last 20 years of the most interventionist monetary policy in human history. Increasingly more reckless capital allocations have led to three successively larger financial bubbles–punctuated by two global busts to … Continue reading
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