The Structural Jobs Fiasco No One Knows How to Deal with by Wolf Richter • Oct 8, 2014 • 38 Comments Humans need not apply.
Hilarious Video by Australian Comedians Clarke & Dawe on Budget Deficits, the Dollar, and the US Economy by Wolf Richter • Oct 7, 2014 • 3 Comments It explains better than anything else how it truly is.
“There’s no Reason to Panic” about German Miracle Economy by Wolf Richter • Oct 7, 2014 • 4 Comments That these comparisons to January 2009 are suddenly cropping up is unnerving. Stocks are rolling over.
This Chart Shows How Plunging German Factory Orders Sink the Economy by Wolf Richter • Oct 6, 2014 • Comments Off on This Chart Shows How Plunging German Factory Orders Sink the Economy Germany, which is supposed to pull the Eurozone out of its funk, is sinking into a funk of its own.
Credit Bubble Begins to Exact its Pound of Flesh: GT Advanced Tech Soars, Crashes, and Burns by Wolf Richter • Oct 6, 2014 • 4 Comments Weighed down by soaring debt, it declares bankruptcy. Stock loses 92% in one day. From $20 to $0.80 in 3 months. A harbinger.
Add This “Messed Up” Emerging Market to Your Watch List by Bill Bonner • Oct 6, 2014 • 2 Comments When you conduct your financial affairs as loosey-goosey as Argentina, no one will lend you money. Then – gracias a Dios! – you’re forced into solvency.
Shrinking Deficit? Ha! US Government Debt Jumps by $1.1 Trillion in Fiscal Year by Wolf Richter • Oct 5, 2014 • 12 Comments The US gross national debt ballooned far faster in fiscal 2014 than what government accounting of the budget deficits would have you believe.
How Mexico Reengineers Reality to Lure Foreign Investors by Don Quijones • Oct 5, 2014 • Comments Off on How Mexico Reengineers Reality to Lure Foreign Investors Peña Nieto’s government excels at selling its message abroad and controlling its PR with an iron fist. But at home, reality is not so great.
IPO Mania Collapses in Germany by Wolf Richter • Oct 3, 2014 • 7 Comments This shouldn’t have happened. Where is the euphoria?
Catalonia’s Choice: Chaotic Divorce or Loveless Marriage by Don Quijones • Oct 3, 2014 • 6 Comments In the worst case scenario, financial chaos would ensue, in Madrid and in Catalonia.