Wolf Richter

Last Time Corporate America Did This, The Stock Market Crashed

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So what happens when these huge and reckless buyers with their nearly endless resources start cutting back after a phenomenal peak? Well, we know what happened in 2008.

It’s Official: Despite Media Hype, Eurozone STILL in Recession

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Politicians and Eurocrats have already taken credit for the recovery, and a whirlwind of backslapping has ensued – prematurely, it turns out.

Housing Hit the Wall of Wall Street in May

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It always starts with a toxic mix: Home sales plunged and inventories jumped in May. The housing market is buckling under its own inflated weight.

This Debt Is Explosive, And it Sits on the Shelf Everywhere, Waiting to go off

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I was interviewed by Jorge Nascimento Rodrigues for “Janela na web” (a Portuguese site) and the printed edition of Expresso. After what I said, he might never interview me again :-]

The untimely end of San Francisco’s Tech and Housing Bubbles

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“Recently, the billionaire venture capitalist Vinod Khosla went hunting for one-bedroom apartments in San Francisco….” And then he opened his mouth.

Public Pension Plans: Boom and Bubble Forever Or Bust

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State and city pension plans have been in a heap of trouble for years. What they need in order to be there in the future is a booming economy year after year and endlessly inflating asset bubbles. Otherwise, forget it. And even then, there’s a $1.1 trillion hole.

Fed’s Bullard: ‘The Bubble Was Developing Under Our Noses’

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Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it’s dropping the ball again during the current bubble.