S&P Wakes Up, Cuts Italy to One Notch Above Junk, Economy Sinks into Terrific Mess by Wolf Richter • Dec 5, 2014 • 3 Comments But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.
So the Japanese Government Bond Market Is Dead. And the Yen? by Wolf Richter • Dec 4, 2014 • 12 Comments In two years, 37% of Japan’s yen-denominated wealth has gone up in smoke.
The Global Financial System Comes Unglued by David Stockman • Nov 22, 2014 • 3 Comments The central bank madmen are raging.
The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates” by Wolf Richter • Nov 20, 2014 • 13 Comments “Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
China’s Central Bank Makes Even the Heroic Fed Look Like a Bunch of Amateurs by Wolf Richter • Nov 18, 2014 • 6 Comments The incredibly ballooning balance sheet that no one can match (in one chart).
Here’s What Central Bankers Will Do Next by Bill Bonner • Nov 12, 2014 • 14 Comments The middle classes – aka “the voters” – expressed themselves last week. They have been sorely used and they know it.
How to Commit Financial Suicide by Bill Bonner • Nov 11, 2014 • 6 Comments “Hey… you want a wealth effect? I’ll give you a wealth effect!”
Bank of Japandemonium Resorts to “Monetary Shamanism,” and all Heck Breaks Loose by Wolf Richter • Oct 31, 2014 • 21 Comments The announcement was made with impeccable timing: on Halloween, which is increasingly popular with adults in Japan.
The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ by Wolf Richter • Oct 30, 2014 • 8 Comments “Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
Russia Wins the Currency War, Even if it Doesn’t Want to by Wolf Richter • Oct 28, 2014 • 4 Comments There are many losers when a currency gets smashed.
