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?
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.
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.
Ruble Spirals Elegantly out of Control as Functional Currency by Wolf Richter • Dec 17, 2014 • 12 Comments Ruble collapses, Russians and bankers fret, Apple and automakers stop selling, as the government dumps its crown jewels to stem the chaos for a day.
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? by Wolf Richter • Dec 16, 2014 • 1 Comment Yields spike, damage spreads. Investors try to bail out while they still can.
This Is Why the Oil-Price Crash Will Maul the US Economy by Wolf Richter • Dec 15, 2014 • 18 Comments Wall Street promises a big boost to US GDP. What have these folks been smoking?
France Cut by Fitch, Kicked by Bundesbank, Jilted by Logic, Has Newfangled Solution: Sunday Shopping. And Blows it by Wolf Richter • Dec 15, 2014 • 6 Comments France comes up with another potent fix to its economic debacle. Hilarity ensues.
