Wolf Richter

This Inflation Is Supposed To Be GOOD For Japanese Workers?

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Japan’s new economic religion of printing yourself out of trouble works. For the elite. This is a lesson learned from the Fed. But how are workers and consumers faring? And by implication the real economy?

How Much Is My Private Data Worth? (Google Just Offered Me Money)

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The first thing I noticed after I’d removed the glossy brochure from the envelope was the crisp $5 bill. I’m a sucker for free money. After peeling it off the letter, I started reading. It was from Google and involved a lot more money – in return for just about all my private data.

Young Woman in China Buy Maseratis

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In the US and Europe, 95% of the buyers are male. Average age is 55. What’s different in China?

The Stock Bubble In Context (Will The Last Bear Please Turn Out The Lights?)

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Stock market bubbles – they allow investors to make the mostest the fastest – don’t happen in a vacuum. They happen in a context. But this time, the context is different. Very different.

French Megabank: “Germany Should Leave The Eurozone”

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Suddenly, there’s a solution to France’s economic crisis. Unlike the cacophonous clamor from the far right to drop the euro, this one is attractively presented with graphs and in terms that even a French politician might understand. And it’s not contaminated by partisanship.

Seems The NSA Spied On Me When I Lived In Belgium

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Another Edward Snowden revelation indicates that I, a humble, incoherent, harmless, and (mostly) law-abiding American, may have gotten tangled up in the NSA’s vast spying dragnet for inexplicable reasons of national security. It’s getting personal.

Japan Is Used To Natural Disasters, But This One Is Man-Made

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The dogfight over Japan’s biggest problem, its gargantuan government deficit, entered its annual ritual of leaks and pressure tactics that usually lead to a pre-Christmas draft budget with an even bigger deficit. But this time, it’s different. Very different.

The Most Despised Tax-And-Retreat French President Sinks Deeper Into Economic Quagmire

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“Insurrection” is showing up in the French media, though it’s still more an exaggeration than a description. “Fiscal discontent” is better, but not broad enough. Now François Hollande, the most despised French President in the history of polls, is going to turn this mess around.

Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets

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France’s Financial Markets Authority slapped fines on two bloggers, Frenchman Jean-Pierre Chevallier and American Mike “Mish” Shedlock, “for having spread inexact information about the level of indebtedness” of megabank Société Générale. Instead of going after banks, bank regulators are going after bloggers! It’s more convenient.

Use Bitcoin As A Currency, Get Wiped Out (The Government Likes It That Way)

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Four years after its creation, folks are still arguing over what bitcoin is: “investment opportunity of the millennium,” “part of a societal revolution,” a security, a currency, a casino token? Whatever. But US regulators now have a strategy for killing it as a currency.