Not everyone is irrationally exuberant in my beloved and crazy San Francisco, serial epicenter of magnificent bubbles and their subsequent busts.
Pipelines corrode and rupture, threatening workers, the environment, and nearby communities. In 2013, over 119,000 barrels of oil were spilled in 623 incidents.
The price of market manipulation keeps dropping.
Why would this bullishness extend to practically the entire globe?
The “faster rotating sanctions spiral with Russia” causes the worst plunge in the history of the German consumer index going back to 1980.
With fundamentals and economic realities having become totally irrelevant these days, economists are reassigned to tout stocks.
Two dams that will fail unless they are urgently repaired. And if they fail, catastrophic loss of life will be the result.
Housing Bubble 2: ballooning inventories of new single-family homes.
Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at.
“Lies, Damn Lies, and Statistics”
A tightly coordinated campaign by the Spanish government and its corporate masters.
Profit grows on trimmed trees, freshly painted walls, and rehabbed bathrooms, and flipping volume soars, and nothing can go wrong. Then something goes wrong.
The folks at the German Finance Ministry belatedly follow WOLF STREET and admit that sanctions caused Germany’s economic swoon.
Reader speaks up: Sensible people at all income levels are altering their behavior to be ready for what may happen.
“Here’s when US equity and bond markets will change direction: when investors come to fear the next Fed-talk.”
After 11 straight quarters of declining sales, they tick up for the wrong reason, and net profit plunges nearly 30%. But no problem. “I’m very pleased with the progress we’ve made,” bragged CEO Meg Whitman.
Over the long run (which is now), the math of that distortion just doesn’t work out.
You’d think the housing market is in fine shape, based on the sizzling optimism of our home builders.
The report – released on Friday when everyone was on vacation or getting ready to head out of town, and when no one was supposed to pay attention – was a zinger: US net capital outflows soared to $153.5 billion, the largest ever recorded.
I remember well, the fiscal rectitude of the old Japan: In 1981, as the Reagan White House prepared its radical fiscal plan – famously called “riverboat gamble” – we were visited by high-ranking Japanese officials, in a state of shock.
This type of corruption is costly for retirees and very lucrative for Wall Street and politicians. Now they want to legalize it as “free speech.”
Japan’s most despised corporation, TEPCO, is running out of space to store radioactive water. And so it found another one of its “solutions.”
Oil markets were dominated by Morgan Stanley, Goldman Sachs, JP Morgan, and other investment banks with their own proprietary trading operations and an army of participants on both sides of the trade. But now they’ve abandoned the oil market.
Even while people are screaming about housing shortages in Paris and other cities.
The largest economy in the Middle East has second thoughts about its ties to the West.
“The glue of the sanctions is starting to dry.”
Oil demand in the 34 OECD countries shrank in Q2. But the real surprise is slow demand growth in China, where the economy is cooling.
Numerous common acts in Spain have been turned into illegal acts by the Orwellian-termed “Citizens’ Security” law, more popularly known as the “Gag Law.”
The three arrows of Abenomics – promise, hype, & hope.
Taxpayers get milked. And California’s environmental laws, signed by Gov. Reagan, get shafted. Very ironic for a company that hypes its “green” credentials.