US Debt Jumps $181 billion in Two Months, hits $18 Trillion by Wolf Richter • Dec 2, 2014 • 8 Comments But hey, the volcano hasn’t erupted yet. So let’s just party on.
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Weren’t Lower Gas Prices Supposed to Boost Holiday Shopping? by Wolf Richter • Dec 1, 2014 • 3 Comments Drivers benefit from oil war. But what the heck are they doing with their moolah?
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
Ruble Freefall: And the Ugliest Currencies Are? by Wolf Richter • Nov 29, 2014 • 1 Comment Getting messy: oil price plunge not the only problem for currencies that made the “Ugliest Currency Chart.”
BMW Smacks Down Elon Musk’s Tesla Collaboration Hype by Wolf Richter • Nov 28, 2014 • 28 Comments BMW insiders: Tesla CEO Elon Musk “is using us for PR purposes.” Stung by Daimler’s and Toyota’s exit, he wants to “decorate” himself with the name BMW.
OPEC Refuses to Cut Production, Oil Plunges off the Chart by Wolf Richter • Nov 27, 2014 • 9 Comments It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
Junk Bond Carnage, One Company at a Time by Wolf Richter • Nov 27, 2014 • 4 Comments The money is drying up. Bondholders grapple with the sordid meaning of “junk.”
California Housing Market Cracks in Two, Top End Goes Crazy by Wolf Richter • Nov 26, 2014 • 6 Comments The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
Comedians Clarke & Dawe Spoof G-20 Mantra of ‘Growth’ by Wolf Richter • Nov 24, 2014 • Comments Off on Comedians Clarke & Dawe Spoof G-20 Mantra of ‘Growth’ Hilarious take-down of the G-20.
