How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young.
Barron’s, 2007: “Against this troubling backdrop, it’s no wonder investors are worried the bull market might end in 2008. But Wall Street’s top equity strategists are quick to dismiss such fears.”
When Goldman Sachs downgraded all global stocks, it gave a peculiar reason.
The two deals expose the imperative to deny a bleak reality, on the principle that when banks win, we all win.
As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.
Money-losing Amazon is Exhibit A of how the Fed’s free money for Wall Street and corporate mastodons is destructive to the rest of the economy.
Rising exports and trade surpluses have always been vital to Japan. And reconstituting them is a cornerstone of Abenomics. But that plan has totally gone to heck.
The law hounds the new media, from blogs to Google, to protect the loyal mainstream press from insolvency and irrelevance. Other governments are ogling similar laws.
The S&P is up nearly 200% from March 2009. Yet the cardinal measures of Main Street economic health have stagnated.
You can’t make this up!
Meet the secretive powers behind the trade negotiations that attempt to rewrite US and EU laws and regulations to their liking and beyond democratic controls.
A sign of how serious the problem has become.
Home prices hit a slick $1,000,000, while soaring office rents blow up enterprises with real business models. It’s crazy. It’s powered by hot money from around the world. Then comes the moment when the hot money evaporates.
European bankers have begun sweating, not because of the harsh heat, but fear – of what could happen as battalions of bank auditors take up temporary residence at the headquarters of the biggest banks.
Moscow Trader explains why the sanctions leave Russian companies unscathed and Putin unimpressed. So why did Obama not go for sanctions with teeth?
The world’s largest wealth manager is “very worried” about “the lack of liquidity” that could wreak havoc during the sell-off. It reduces risk “over the full spectrum of assets.”
Despite surging stocks since 2012, consumer sentiment has not broken out in similar fashion: a warning sign of a big move down in the markets and economy.
Don’t let a good crisis go to waste – that appears to be the newest slogan of Russian President Vladimir Putin.
It’s so bad a trusty Communist Party newspaper exhorts the people to buy homes in a ghost city because there’s “no downside for home prices.”
The US economy has repeatedly failed to resume normal growth after the crash. But potentially worse is the decline in long-term growth estimates.
35,000 M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. So Microsoft, which bought Nokia’s handset unit, is planning the largest in its history…. The M&A frenzy of 2007/8 was followed by the Great Jobs Crisis!
Something big is going down in Latin America: A slow-moving tectonic shift threatens to split the continent down the middle on ideological lines.
Yellen pokes at bubbles in momentum stocks, leveraged loans, threatens to end ZIRP sooner, more rapidly “than currently envisioned.” Fasten your seatbelts.
‘Hours Worked’ plunged in the second quarter at a rate last seen during the middle of the Great Recession, a terrible harbinger of GDP.
Wearable camera-gadget maker GoPro doubled in the days after its IPO. The media went gaga. But last week, it began to tank, just before Barron’s calamitous article.
Capital flight, particularly from the vast underground economy, is Russia’s most pressing economic problem. And Putin’s angle of attack is, well, brutal in its own way.
Money has no moral compunction, moves with ease from drug traffickers into mega construction projects, and politicians need it for campaigns and other purposes.
So let’s get one thing straight. Uber is not an exciting entrepreneurial endeavor. Quite the opposite. It’s backed by three of the largest corporations in the world, all merged together to again outspend the underdog and disrupt the middle class.
Consumers are “straining against rising prices on daily essentials” and are cutting back on things they want to buy.
Buyers from China are the most prolific, spending 72% more than a year ago! On expensive homes. They benefit from the devaluation of the dollar – according to the NAR – and are desperate to get their money out of China.