Chaos, Fear, Panic Descend on EU’s Hallowed Halls of Power by Don Quijones • Feb 2, 2015 • 7 Comments “You just killed the Troika.”
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk by Wolf Richter • Feb 1, 2015 • 28 Comments What ratings agency Fitch and the Bank of Canada had warned about has come to pass.
Oil Price Soars, Rig Count Plunges Worst Ever, But Bloodletting Just Beginning by Wolf Richter • Jan 30, 2015 • 8 Comments Oil companies are dead-serious about slashing costs. A matter of survival.
The American Dream Dissipates at Record Pace by Wolf Richter • Jan 30, 2015 • 7 Comments Instead of a home, let them buy toxic, rent-based, synthetic structured securities.
“Recipe for Disaster”: Canadian Government to Expand State Surveillance Powers (Again) by Wolf Richter • Jan 29, 2015 • 2 Comments The “spillover effects” of overbroad anti-terror legislation.
“Oil Capital of California” Declares Fiscal Emergency by Wolf Richter • Jan 29, 2015 • 3 Comments Oil bust, sins committed & false promises made in good times sink Kern Country.
Alaska’s State Budget Collapses by 50% by Oilprice.com • Jan 28, 2015 • 2 Comments Alaska gets 90% of its budget from oil taxes, and now that budget is $3.5 billion short.
Iran De-Dollarizes Its Trade by Oilprice.com • Jan 28, 2015 • Comments Off on Iran De-Dollarizes Its Trade Sign of a liquidity squeeze.
Hounded by Evil Dollar & Collapsed Commodity Prices, Corporate America Clamors for Total Currency War by Wolf Richter • Jan 28, 2015 • 9 Comments Financial engineering can only do so much.
Global Drug Trade Gets More Efficient, Defies US War on Drugs, Revolt Builds in Latin America by Don Quijones • Jan 27, 2015 • 5 Comments The German connection.
