by Wolf Richter • • Comments Off on The Most Despised Tax-And-Retreat French President Has ANOTHER Plan
President Hollande has a solution to France’s economic quagmire, with odds like a lottery. He’d launch a “responsibility pact” – one of his many phrases to haunt him later. It would be a radical shift. When you come to the end of your bumpy road, veer to the right.
by Don Quijones • • Comments Off on Death By A Thousand Cuts: The Silent Assassination Of European Democracy
By Don Quijones: The EU is riddled with fatal flaws and defects, including the single currency. However, by far the greatest — and certainly most dangerous — structural flaw is its gaping democratic deficit.
by Wolf Richter • • Comments Off on Bernanke’s Delirious Praise For His Handiwork, The Concentration Of Power At the Top Banks
Bernanke wanted to reflect on the “accomplishments of the past eight years,” demolish the “sceptics” that still doubted the Fed was the best thing since sliced bread, and pat himself on the back. His policies “have helped promote the recovery,” he said. The “recovery” of what?
by Wolf Richter • • Comments Off on Plug Power, “Exhibit A” Why Most Hot IPOs Suck Long Term
Plug Power soared 68.4% in the first two trading days this year. Not because it got a buyout offer but because it made another one of its promising announcements. The stock is up by a factor of seven since July to close at … $2.61. Down from $1,500 in March 2000.
by Wolf Richter • • Comments Off on Fizzing Optimism For Wild Financial Engineering In 2014
Nothing could have been a more pungent metaphor for the current investment climate than the headline, “Macau gambling revenue hits record $45 bn in 2013.”
by Wolf Richter • • Comments Off on So This Isn’t Exactly A Rosy Outlook For 2014, Or Something
Central banks rule! We’ve seen it in 2013. They’ve accomplished the impossible: separating stock markets from the economies they’re based on. But in 2014, the US and China are trying to unwind these crazy policies – without taking down the entire global economy.
