by Wolf Richter • • Comments Off on Housing Bubble 2 Already Collapsing for the 99%
This is precisely what shouldn’t have happened but was destined to happen: as prices are soaring, only luxury home sales are growing … 1% of the market! Something has to give.
by Wolf Richter • • Comments Off on Winner Accuses French Government of “Massive” Election Fraud
Election results for the European Parliament mortified the French political class, as this universally despised layer is called in France. But now the winner has the gall to accuse the government of “having rigged the vote by the most odious means” to prevent its victory.
by Wolf Richter • • Comments Off on World Trade Suddenly Slumps (Just Forget ‘Escape Velocity’)
While the US economy, and by extension the world economy, is desperately waiting for escape velocity to finally kick in, world trade has descended into a very unpropitious slump.
by Wolf Richter • • Comments Off on Cloud Wars: Now Even the CIA Slams IBM’s Technology
Our spoiled American tech heroes yearn to get those big-fat contracts with the Intelligence Community. But it seems IBM is far better at financial engineering than actual engineering.
by Wolf Richter • • Comments Off on This Happened Twice Before, And Each Time Stocks Crashed
In 2000 and 2007. The consequences were spectacular. Now, it happened a third time in fifteen years. And it’s forming an increasingly terrifying chart.
by Wolf Richter • • Comments Off on Airbus CEO Calls For Currency War, Shoots Himself in Foot
Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.
by Wolf Richter • • Comments Off on This Chart Is The Fate of Housing In America As Student Loans Bankrupt A Whole Generation
The equation might not have gone so horribly awry if each class of graduates had seen their incomes skyrocket in line with their student debt. But that’s a crummy joke in America.
by Wolf Richter • • Comments Off on Russia Dumping US Treasuries? But Why the Heck in Belgium?
Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, to the chagrin of a lot of people. Now that tiny country with a tiny economy is suddenly piling up a mountain of US Treasuries.
