by Wolf Richter • • Comments Off on Last Time Corporate America Did This, The Stock Market Crashed
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.
by Wolf Richter • • Comments Off on This Debt Is Explosive, And it Sits on the Shelf Everywhere, Waiting to go off
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 :-]
by Wolf Richter • • Comments Off on Public Pension Plans: Boom and Bubble Forever Or Bust
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.
by Wolf Richter • • Comments Off on Fed’s Bullard: ‘The Bubble Was Developing Under Our Noses’
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.