The Mechanics of a Bond Market and its Impact on the Banking Crisis — Michael Hudson

Summary:
A market valuation problem is not a fraud problem this time around. Michale Hudson explains the big difference between this crisis and 2008. Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Mechanics of a Bond Market and its Impact on the Banking CrisisMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University See alsoGeopolitical EconomicsMichael Hudson: Why the US banking system is breaking up

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