Wolf Richter

Who Will Be Assigned To Eat The Losses ‘Hidden’ On China’s Balance Sheets?

by Wolf Richter • Jul 14, 2014 • Comments Off on Who Will Be Assigned To Eat The Losses ‘Hidden’ On China’s Balance Sheets?

Transferring bad debt from local governments to the central government does not address the cost of resolving the bad debt. Because bad debt doesn’t just disappear.

Gallup Slams Lid On Hopes For US Economy

by Wolf Richter • Jul 11, 2014 • 6 Comments

Consumers are “straining against rising prices on daily essentials” and are cutting back on things they want to buy.

Foreign Buyers Splurge On US Homes, Drive Up Prices

by Wolf Richter • Jul 11, 2014 • 3 Comments

Buyers from China are the most prolific, spending 72% more than a year ago! On expensive homes. They benefit from the devaluation of the dollar – according to the NAR – and are desperate to get their money out of China.

Japan Inc.’s Orders for Equipment and Machinery Totally Collapse

by Wolf Richter • Jul 10, 2014 • 1 Comment

Orders for capital equipment – a measure of future capital expenditures and a feverishly awaited sign that Japan Inc. has finally started investing in Japan rather than just overseas – were “shocking.”

Mortgage Bankers: ‘Unsustainable Housing Bubble Is Inflating’

by Wolf Richter • Jul 10, 2014 • 1 Comment

FICO: “That doesn’t feel like a healthy, sustainable growth situation.” Lenders fret “about the risk in mortgages” as consumers return to “reckless borrowing.”

IPO Hype-Miracle Gets Crushed by Reality

by Wolf Richter • Jul 9, 2014 • Comments Off on IPO Hype-Miracle Gets Crushed by Reality

The wealth transfer machine: Wall Street hype meets “retail funk”

Saber-Rattling Between Japan, China, and RUSSIA of all things Hits Record

by Wolf Richter • Jul 9, 2014 • Comments Off on Saber-Rattling Between Japan, China, and RUSSIA of all things Hits Record

The Japanese Defense Ministry refused to speculate why Russian activity had suddenly soared, just when both countries are trying to hash out a mega-energy deal.

Senior Bankers Warn: ‘It’s Crazy, It’s a Boom, It’s a Gold Rush’

by Wolf Richter • Jul 9, 2014 • 4 Comments

Senior bankers are “privately warning” that the record bank lending binge “should not be seen as evidence of an economic recovery.” Instead, they’re fretting about the greatest credit bubble in history.

“If This Ends Badly, How Will Such Reports Be Read In Hindsight. Mad?”

by Wolf Richter • Jul 8, 2014 • Comments Off on “If This Ends Badly, How Will Such Reports Be Read In Hindsight. Mad?”

Stocks soaring worldwide for years despite disappointing growth or outright recessions has turned rational investors into financial mincemeat. So here’s BofA’s cynicism on that phenomenon.

This Chart Truly Depicts What’s Wrong With the ‘Recovery’ in America

by Wolf Richter • Jul 8, 2014 • 7 Comments

Many Americans spend every dime they make, and usually way beyond what they make. It’s not because they have confidence in the economy. They don’t! The gap in consumer confidence between these folks and those with higher incomes is at an all-time record!

Page 498 of 589

« 1 … 496 497 498 499 500 … 589 »