The Next Auto Subprime Bust by David Stockman • Nov 19, 2014 • 4 Comments It is only a matter of time before the boom in auto junk implodes under the pressure of rising default rates.
Russia-China Gas Deals Could Kill American LNG Exports by Oilprice.com • Nov 19, 2014 • Comments Off on Russia-China Gas Deals Could Kill American LNG Exports With these natural gas deals, Russia turns away from Europe, its largest energy export market. But the move has implications for the US.
It’s Official: Party Now, Apocalypse Later by Wolf Richter • Nov 19, 2014 • 13 Comments That’s the new thinking about the markets in a crummy global economy where everything is overvalued.
China’s Central Bank Makes Even the Heroic Fed Look Like a Bunch of Amateurs by Wolf Richter • Nov 18, 2014 • 6 Comments The incredibly ballooning balance sheet that no one can match (in one chart).
Fracking Wastewater Injected into Clean Aquifers in Parched California by Wolf Richter • Nov 18, 2014 • Comments Off on Fracking Wastewater Injected into Clean Aquifers in Parched California “Errors were made….” NBC Bay Area report and video.
Media “Shocked” by Japan’s GDP Fiasco? by Wolf Richter • Nov 18, 2014 • 7 Comments Turns out, destroying the purchasing power and wealth of the people also drags down the real economy.
“$1.6 Trillion in Defaults Coming,” Legend Says by Contributor • Nov 17, 2014 • 7 Comments “The next junk-bond implosion.”
Chicago’s Per-Capita Pension Debt, Visualized (Gulp!) by Contributor • Nov 17, 2014 • 2 Comments It’s unmatched — in a bad way.
Warren Buffett Is Dumping Stocks out the Backdoor by Wolf Richter • Nov 17, 2014 • 13 Comments His impeccable sense of timing appears to have kicked in.
The NAFTA Connection: The Role of “Free” Trade in Mexico’s Tragic Travails by Don Quijones • Nov 16, 2014 • 4 Comments President Enrique Peña Nieto can no longer keep up the pretense that things are on the up – not since the disappearance of 43 trainee teachers from Iguala.
