…regards to the financial health of Social Security now and in the future. (Thanks for being so contrary) Tangential to the issue of financial viability is the question of resolution…

…banking and non-banking financial world are financial derivatives and counterparty risks borne between parties like banks, hedge funds, brokers, and securities dealers. In 1996 the US banking system hardly knew…

…to the “velocity of money” in the real economy. During the financial crisis these collateral chains shortened (and in individual cases evaporated), resulting in a huge decline in the financial…

…recession, the percentage of corporate profits coming from the financial industry was even higher at 40%. Given not much has changed in the financial industry with new regulations and transparency…

…economists and many others even today run natively in their heads — was “definitely false.”) It starts with money. There is a pool of financial assets, financial “capital.” Stocks, bonds,…

…I recently wrote a 5-part series on Financial Repression which said that it has been sneaking into US policy. Financial repression relies on low interest rates to repress consumption with…

…relative to their domestic financial systems. Capital inflows contribute to the pro-cyclicality of their business cycles by providing funding for increased bank lending, which are dominant in the financial systems…

…financial assets increased by 8% a year between 1990 and 2007. But all this activity was curtailed in 2008-09 when the global financial crisis pushed the world economy into a…

…of North Carolina-Chapel Hill and Andrew Penncok of the University of Virginia). They point to the central role of the U.S. financial system in the network of international financial relationships….

…financial assets are the largest component of their net primary income. Great Britain was a financial center and the preeminent creditor nation during the zenith of its empire, and a…