by Wolf Richter • • Comments Off on Stocks Plunge: ‘And This Too Shall Pass,’ Or Something
The last stock-market bears have gone into hibernation, browbeaten and humiliated and ridiculed by years of brilliant rallies. Clinging to their analyses and the now silly notion that stocks should trade based on economic realities, they lost clients and money and their jobs.
by Wolf Richter • • Comments Off on Crazy Abenomics Orgy In Japan Is Ending Already – Pounding Hangover Next
Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit. The people may not have noticed it because it’s not indicated on their bank and brokerage statements, but 20% of their magnificent wealth has gone up in smoke in 2013.
by Wolf Richter • • Comments Off on What To Expect From Fed Chair Yellen In One Cartoon
Monday is Janet Yellen’s first day on the job as Chair of the Federal Reserve, and so, all wishful thinking aside, it’s crucial that we obtain, one way or the other, a clear picture of what her glorious tenure will look like.
by Wolf Richter • • Comments Off on No Wonder German Workers Drag Down Retail Sales – And Much Of The Economy
Not that 2013 was such a great year in Germany, economically speaking, with growth stalling at barely above the zero line. But it was a superb year for extracting taxes from hard-working people. And it shoved Germany deeper into two decades of retail quagmire.
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