Saudi Arabia Aims at US Fracking Industry, Hits Its Own Foot by Wolf Richter • Nov 11, 2014 • 11 Comments And triggered a rout among oil producing nations.
This Chart Shows How The Biggest Problem in the Jobs ‘Recovery’ Keeps Getting Worse (by the Atlanta Fed!) by Wolf Richter • Nov 10, 2014 • 7 Comments But it performs miracles on corporate profits.
Layoffs Explode In America’s Big Old Tech Companies by Wolf Richter • Nov 7, 2014 • 11 Comments Job cut announcements in tech doubled from a year ago. Worst year since 2009.
The 10 Housing Markets in America where Cash Totally Rules by Wolf Richter • Nov 6, 2014 • 1 Comment And 8 of them are in which state?
The Big Unwind: After Messing up the Housing Market, the “Smart Money” Bails Out by Wolf Richter • Nov 6, 2014 • 14 Comments Housing Bubble 2: Sales to institutional investors plunge to lowest level since 2010.
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.
