What the Heck is the Deal in Macau? by Wolf Richter • Nov 5, 2014 • 9 Comments Once soaring revenues in the world’s largest gambling hub are plunging faster than during the financial crisis. This indicator of the Chinese economy is flashing red.
Oil Price Collapse Ricochets Around the World, Hits US Drillers, the Ruble … and Russia’s Probability of Default by Wolf Richter • Nov 4, 2014 • 17 Comments The balance of power is shifting, if only briefly.
No “Yellen Put?” You Gotta be Kidding… by Wolf Richter • Nov 4, 2014 • 15 Comments “Not the Fed’s job to rescue reckless investors from the errors of their ways.” Now they tell us!
European Harmony? Merkel Hands Cameron an Ultimatum and for First Time Ever Sees Britain’s Exit from the EU by Wolf Richter • Nov 3, 2014 • 9 Comments The German government draws a line. If Britain steps over it, it doesn’t belong in the EU. And it’s not about money.
Bank of Japandemonium Resorts to “Monetary Shamanism,” and all Heck Breaks Loose by Wolf Richter • Oct 31, 2014 • 21 Comments The announcement was made with impeccable timing: on Halloween, which is increasingly popular with adults in Japan.
That Shrinking Slice of a Barely Growing Pie: Why the Glorious Economy of Ours Feels so Crummy by Wolf Richter • Oct 31, 2014 • 9 Comments For individual Americans, economic “growth” has meant the opposite.
The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ by Wolf Richter • Oct 30, 2014 • 8 Comments “Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
The American Dream Going Bust – in One Chart by Wolf Richter • Oct 29, 2014 • 4 Comments The essential ingredient in a thriving housing market is skidding inexorably in America.
Russia Wins the Currency War, Even if it Doesn’t Want to by Wolf Richter • Oct 28, 2014 • 4 Comments There are many losers when a currency gets smashed.
New Home Prices Plunge the Worst EVER (in One Ugly Chart) by Wolf Richter • Oct 28, 2014 • 7 Comments Housing Bubble 2 pops in its full glory, mess ensues.
