First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis by Wolf Richter • Dec 23, 2014 • Comments Off on First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis No respite for the American oil patch and its investors.
The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts by David Stockman • Dec 23, 2014 • 1 Comment The Fed’s “No Banker Left Behind” Program.
Gold “Terrifies” the International Monetary System by Wolf Richter • Dec 22, 2014 • 16 Comments Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. But why? I asked the CEO of Goldbroker.com. Fasten your seatbelt.
Oil Price Crash Triggered by the Fed? Amazing Chart by Wolf Richter • Dec 21, 2014 • 5 Comments The Fed giveth, the Fed taketh away. What’s going to crash next?
Spain Takes a Giant Step Backward, Towards Its Dark Past by Don Quijones • Dec 20, 2014 • 5 Comments The Orwellian-titled “Law for Citizen Security,” or more aptly “Gag Law,” is opposed by 80% of the people, but no problem.
So-Called ‘Dumb Money’ Flees Junk Debt. The Market Quakes by Wolf Richter • Dec 20, 2014 • 3 Comments Junk-bond funds hit by ‘market conditions’ as retail investors refuse to be sitting ducks.
Bloody Hell: Argentina’s Import Controls Cause Tampon Shortage by Bianca Fernet • Dec 19, 2014 • 7 Comments The real consequences of ingenious policies (warning: humor lurking).
Global Automakers Get Blasted in Russia by Ruble Crash by Wolf Richter • Dec 19, 2014 • 4 Comments This is what happens when a currency spirals out of control.
Already Crummy US Economy Takes a Sudden Hit by Wolf Richter • Dec 18, 2014 • 14 Comments One heck of a downhill ride since June, culminating in a December dive. But this time, there is no polar vortex to blame.
Housing Bubble 2: California November Home Sales Plunge to Multiyear Lows, Prices Soar by Wolf Richter • Dec 18, 2014 • 2 Comments Sales down 20% in San Francisco, but prices soar 27% to ludicrous levels.