This is How Consumers Turn into Debt Slaves by Wolf Richter • Nov 8, 2016 • 109 Comments The Fed likes the word “credit.” It sounds a lot less onerous than “debt.”
This is “Unusual Outside a Recession Period”: New York Fed Grapples with Weak Demand by Wolf Richter • Nov 7, 2016 • 48 Comments The red flag: a “slump” in imports despite the Strong Dollar.
Boone Pickens on Natural Gas: It’s the Way to Defeat OPEC by Oilprice.com • Nov 7, 2016 • 55 Comments He put his money where his mouth is.
Bitter Irony: San Francisco, Los Angeles, San Jose have the Worst Roads in America, Worse even than Detroit by Wolf Richter • Nov 6, 2016 • 89 Comments But the roads in much of the nation are in terrible shape too.
Despite what Everyone Thinks, Biggest Threat to Mexico’s Economy isn’t Trump but Pemex by Don Quijones • Nov 6, 2016 • 22 Comments Mexico could face its worst fiscal and financial crisis in decades.
Come on Moody’s, Spare us these Falsehoods: That $1.3 Trillion “Overseas Cash” is Already in the US by Wolf Richter • Nov 5, 2016 • 81 Comments Some falsehoods simply refuse to die no matter how many times they get stabbed in the heart.
What the Heck’s Wrong with This Market? Biggest IPO of the Year Sags to New Low by Wolf Richter • Nov 4, 2016 • 48 Comments Hot air keeps hissing out of it.
“More than a Dozen” Drugmakers under Criminal Investigation for Price-Fixing, Shares Plunge, after Getting Crushed All Year by Wolf Richter • Nov 4, 2016 • 56 Comments Now the drug makers are struggling with their response.
How PE Firms Are Flipping Drugs in Price-Gouging Scheme that Cannibalizes the Entire US Economy by Wolf Richter • Nov 3, 2016 • 109 Comments They don’t care. And they’re not required to care.
Another European Bank Becomes a Penny Stock by Don Quijones • Nov 3, 2016 • 39 Comments The growing pile of bailed-out, newly crushed European banks.