by Wolf Richter • • Comments Off on The Risk of Stock-Market Vertigo
What can possibly go wrong with stocks these days? Five years of the Fed’s QE and zero-interest-rate policy, and look what happened: risks no longer exist. They’ve been priced out of the equation. But now the illusion is ending.
by Wolf Richter • • Comments Off on Total Abenomics Fail Slams Japan Where It Hurts Most
Japanese corporations no longer even try to invest in Japan, but they’re falling all over each other grabbing the Bank of Japan’s freshly printed dough to invest it overseas.
by Wolf Richter • • Comments Off on The “Sanction Spiral” Elegantly Spirals Out of Control
The White House attacks Russian financial markets and oil, publicly and behind-the-scenes, Merkel suffers from “moral cowardice,” Russia develops the “Putin Doctrine” and threatens Estonia, and a crescendo of sanctions and counter-sanctions erupts. What gives?
by Wolf Richter • • Comments Off on Goldman Goes Bonkers Over Tesla
Wall Street once again stands out as history’s most glorious, most efficient, sophisticated, prolific “gigafactory,” to use Tesla’s newfangled term, for the production of self-serving BS. Investors beware!
by Wolf Richter • • Comments Off on French Megabank: No “Drastic Crisis” in France, It Will Be “Slow And Over Time”
Finally we know why French government debt and French stocks have performed so well, despite the crummy economy, and why France has been spared so far the fate of Cyprus: the fiasco won’t happen suddenly in France, the bank reported. It will be slow and torturous.
by Wolf Richter • • Comments Off on Will The Last Bear Please Turn Out The Lights
When BlackRock CEO Larry Fink grumbled about “way too much optimism” in the markets, he wasn’t kidding. An entire mindset is benchmarking today’s record metrics against the splendor of 2000 and 2007: not to warn, but to prove that this time it won’t end in tears.
by Wolf Richter • • Comments Off on Kremlin: If The US Tries To Hurt Russia’s Economy, Russia Will Target The Dollar
The first official warning shot was fired before an all-out assault on the dollar system begins. Not by a Putin advisor that can be brushed off, but by Alexey Ulyukaev, Russia’s Minister of Economy and former Deputy Chairman of the Central Bank. A major escalation.
by Wolf Richter • • Comments Off on Bay Area Home Sales Plunge To 2008 Levels, Prices Soar
It starts here: evictions in San Francisco hit the highest level since 2001, when the dotcom bubble was disintegrating. Everything these days gets benchmarked against the last bubbles: the dotcom bubble that blew up in 2000, the housing bubble that blew up in 2007.
