Bank of Japandemonium Resorts to “Monetary Shamanism,” and all Heck Breaks Loose by Wolf Richter • Oct 31, 2014 • 21 Comments The announcement was made with impeccable timing: on Halloween, which is increasingly popular with adults in Japan.
That Shrinking Slice of a Barely Growing Pie: Why the Glorious Economy of Ours Feels so Crummy by Wolf Richter • Oct 31, 2014 • 9 Comments For individual Americans, economic “growth” has meant the opposite.
The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ by Wolf Richter • Oct 30, 2014 • 8 Comments “Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
Fed Issues Surreptitious Payments to Bank Welfare Queens At Taxpayer Expense by Lee Adler • Oct 29, 2014 • 2 Comments On the day when QE ended: Taxpayer were put on hook for a direct subsidy to banks.
What Is Total’s Fate in Russia Now? by Oilprice.com • Oct 29, 2014 • Comments Off on What Is Total’s Fate in Russia Now? Oil major Total and Russia are joined at the hip. Putin called late CEO de Margerie a “true friend.” But sanctions and sinking oil prices are daunting hurdles.
The American Dream Going Bust – in One Chart by Wolf Richter • Oct 29, 2014 • 4 Comments The essential ingredient in a thriving housing market is skidding inexorably in America.
Russia Wins the Currency War, Even if it Doesn’t Want to by Wolf Richter • Oct 28, 2014 • 4 Comments There are many losers when a currency gets smashed.
New Home Prices Plunge the Worst EVER (in One Ugly Chart) by Wolf Richter • Oct 28, 2014 • 7 Comments Housing Bubble 2 pops in its full glory, mess ensues.
Fracking, a ‘False Premise’ that manufactures ‘False Promises’ by Contributor • Oct 27, 2014 • 5 Comments A new report kicks the glorious fracking production numbers into disarray.
Pump and Dump: How to Rig the Entire IPO Market Without Raising ANY Money by Wolf Richter • Oct 27, 2014 • 5 Comments Just when you thought we’ve reached the peak of craziness, it gets even crazier.