by Wolf Richter • • Comments Off on Real Economy Bites Housing Bubble 2
When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.
by Wolf Richter • • Comments Off on Dang, The Wine Bubble Implodes (It’s China’s Fault)
Many in the industry believe that in China, 90% of the high-profile wines, like certain Bordeaux, are fake. Devastating thought if you keep wine in a refrigerated vault as an asset class. And prices have collapsed. But it’s not all doom and gloom, not with California wines.
by Wolf Richter • • Comments Off on QE, Bailouts, And Families Struggling to Buy Food
It was a very basic question: Have there been times when you did not have enough money to buy the food you or your family needed? In wealthy countries, the percentages should be small, and given all the money-printing, it should be zero, you’d think.
by Wolf Richter • • Comments Off on The Big Hoax Of The Wall Street Hype Machine
How the most important “data” Wall Street hands out via its army of analysts to rationalize lofty stock valuations is consistently (chart!) the biggest hoax out there.
by Wolf Richter • • Comments Off on Why The Promise Of American LNG Exports Is Gassy Hype
This chart shows how the vision of US liquefied natural gas exports to free Europe from Russia’s clutches or make big bucks off energy-starved Japan is nothing but a juicy lure in the big money game.
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.
