It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
The money is drying up. Bondholders grapple with the sordid meaning of “junk.”
A harsh winter, like last year’s, could wreak havoc.
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
Extreme wealth is not just subject to virtually no tax; it is a magnet for public funds.
Despite incessant hype, businesses depict a troubled global economy.
It’ll take more than tape to fix the lives it chews up.
The government blames the nationwide protests on groups seeking to “destabilize the country” and undermine the “reform agenda.” But in this militarized, corrupt society, the risk of escalation of violence is immense.
The central bank madmen are raging.
Real annual earnings of production and nonsupervisory workers: down 15.4% from 42 years ago.
Big money is gushing in all directions.
And how his downfall is mirrored in Brazil’s current troubles.
“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
It is only a matter of time before the boom in auto junk implodes under the pressure of rising default rates.
With these natural gas deals, Russia turns away from Europe, its largest energy export market. But the move has implications for the US.
That’s the new thinking about the markets in a crummy global economy where everything is overvalued.
The incredibly ballooning balance sheet that no one can match (in one chart).
Turns out, destroying the purchasing power and wealth of the people also drags down the real economy.
“The next junk-bond implosion.”
His impeccable sense of timing appears to have kicked in.
President Enrique Peña Nieto can no longer keep up the pretense that things are on the up – not since the disappearance of 43 trainee teachers from Iguala.
If you’re in and out fast, you can make money just by stock arbitrage. Smart players know that. Corporations that work to please them know it too.
Putin sees a “catastrophic decline in oil prices” but thinks Russia will be OK.
“We are crushed by our country’s debt.”
The bloodletting will go on until the money dries up.
The middle classes – aka “the voters” – expressed themselves last week. They have been sorely used and they know it.
Undetectable “kill switches” built into semiconductors.
And triggered a rout among oil producing nations.
“Hey… you want a wealth effect? I’ll give you a wealth effect!”
Saudi Arabia is rattling the oil sector with a price war that many think is aimed at U.S. oil producers. But there’s an easier price war to win: with Canadian tar-sands operators.