by Wolf Richter • • Comments Off on Crazy Abenomics Orgy In Japan Is Ending Already – Pounding Hangover Next
Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit. The people may not have noticed it because it’s not indicated on their bank and brokerage statements, but 20% of their magnificent wealth has gone up in smoke in 2013.
by Wolf Richter • • Comments Off on What To Expect From Fed Chair Yellen In One Cartoon
Monday is Janet Yellen’s first day on the job as Chair of the Federal Reserve, and so, all wishful thinking aside, it’s crucial that we obtain, one way or the other, a clear picture of what her glorious tenure will look like.
by Wolf Richter • • Comments Off on No Wonder German Workers Drag Down Retail Sales – And Much Of The Economy
Not that 2013 was such a great year in Germany, economically speaking, with growth stalling at barely above the zero line. But it was a superb year for extracting taxes from hard-working people. And it shoved Germany deeper into two decades of retail quagmire.
by Wolf Richter • • Comments Off on The Exquisitely Reengineered Frankenstein Housing Monster
It’s back, a new and improved contraption, a synthetic structured security that on its polished surface looks like that triple-A rated mortgage-backed toxic waste that helped blow up the banks and your 401(k) in 2008. But this time, it’s different. It’s even worse.
by Wolf Richter • • Comments Off on Stocks on Speed: Margin Debt Spikes, So Does Risk Of Crash
The Fed must have seen the relentlessly spiking margin debt. Leverage is a sign of investor confidence. The great accelerator. On the way up. And on the way down. Margin debt has a nasty, very consistent habit of peaking just when the stock market begins to crash.
by Wolf Richter • • Comments Off on Chaos Breaks Out In Natural Gas, Price Tripled Since April 2012
“Volatile,” a word that is often used to describe the price of natural gas with its random-appearing jumps and plunges, head fakes, and whiplash-inducing turnarounds, no longer describes the price of natural gas. “Chaotic” would be a better term.
by Wolf Richter • • Comments Off on Icahn’s “No-Brainer” Goes To Heck (Manipulation Works Only Most Of The Time)
Carl Icahn must have tossed and turned Monday night, after the Apple debacle. Reeling from his losses, he was out there on Tuesday hyping the stock with all his might. They’re all doing it, from Warren Buffett on down, guys with billions of play-money and a loud voice.
by Wolf Richter • • Comments Off on Why Japan’s Trade Fiasco Worries Me So Much
According to Japan’s state religion of Abenomics, devaluing the yen would boost exports and cut imports. The resulting trade surplus would jumpstart the economy and induce Japan Inc. to invest at home. It would save Japan. But the opposite is happening.
by Wolf Richter • • Comments Off on From “Glut” To Panic: Natural Gas Soars
On Friday, when stocks were plunging, natural gas soared nearly 10%. The highest close since June 2010. Up 20% for the week. Up 170% from April 2012. And it’s just the beginning. Because after the glut comes the panic.
