by Wolf Richter • • Comments Off on UBS: The Secret Reason The Fed Is ‘Tolerating’ Bubbles
“Asset prices have reached stunning levels, obviously out of line with ‘fundamentals.’ The “most dangerous” are housing bubbles; when they burst, they “wreck whole economies.”
by Don Quijones • • Comments Off on Mini Tax Havens: How Europe’s 1% Gets to Pay Only 1%
Under the guise of austerity, taxes on the middle class and small businesses in Spain and other countries have reached confiscatory levels. But for the wealthy, there is a special deal – and it erupted into a scandal.
by Wolf Richter • • Comments Off on Google Glass Hacked, Can Record Everything You Stare At
You don’t need to break a code; you don’t need to capture a server. “Hardcore hackers wouldn’t even bother with it,” says one of the hackers. “They’d find access too easy.”
by Wolf Richter • • Comments Off on Federal Regulator Details Crazy Risk-Taking By Banks, Blames Fed
Banks are again taking the same risks that triggered the financial crisis, and they’re understating these risks. It wasn’t an edgy blogger that issued this warning but the Office of the Comptroller of the Currency. And it blamed the Fed’s monetary policy.
by Oilprice.com • • Comments Off on ‘Steal Less, Invest More’ Advised At Ukrainian Energy Forum
Steal less, invest more, run a fair game, and sell off the pipeline system that Moscow is using to keep Ukraine in line — energy experts at a forum in Kiev.
by Wolf Richter • • Comments Off on Just How Crazy Is The Biggest Credit Bubble in History? See The Doomed Muni Tobacco Bonds In Your Conservative Bond Fund
Ah, the spine-tingling pleasures of having this delicious breed of bonds in your conservative-sounding bond fund.
by Wolf Richter • • Comments Off on Investment Bank: The End Of US Economic Growth
“We fear that, once the effects of monetary stimulus disappear in the US, the weakness of the economy due to income inequalities may suddenly be revealed.”
by David Stockman • • Comments Off on The Crony Capitalist Corruption At GM
GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy.
