Financial Crisis Watch: Repo Market Madness

We should be very concerned about the recent disruptions in the financial markets, and the strong similarities to the last financial crisis. The next crisis might be just around the corner.

Financial Crisis Watch: CLOs are the new CDOs

The state of affairs is looking alarmingly like the lead-up to the last financial crisis. Have we already forgotten lessons learned at such great cost the last time around?

The coming recession and radical new policy responses

Keeping our economic system intact (despite all the signs that this is an unsound goal) might require increasingly aggressive interventions.

The Trade War Is Here to Stay

The trade war is not going away any time soon. All the signals are flashing for a worst-case scenario in which both sides harden, a resolution becomes further and further out of reach, and the damage compounds.