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.
The Mother of all Jobs in the EU by Don Quijones • Oct 25, 2014 • 11 Comments The new Eurocratic elite is worried. Deep cracks are spreading.
More QE? These Charts Show the Pauperization of Workers in the UK and America since 2008 by Wolf Richter • Oct 18, 2014 • 25 Comments The designated losers of monetary policy. There are a lot of them.
Roll Out the Fire Hoses (Here Comes QE4) by Bill Bonner • Oct 17, 2014 • 9 Comments Never before in the long, comic history of mankind and its money have central bankers taken such a keen interest in asset prices. Now they create money, out of nowhere, for the express purpose of pushing them up.
What the Heck just Happened in Global Stock Markets? by Wolf Richter • Oct 12, 2014 • 30 Comments Bitter ironies are piling up – with very crummy consequences.
Debt Serf Ireland Gets Paid To Borrow Even More by David Stockman • Oct 1, 2014 • 3 Comments Bizzzaro world of maniacal central banking and crackpot financial engineering.
Standard & Poor’s Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts by Wolf Richter • Sep 24, 2014 • 5 Comments A true debacle is unfolding. Just when we thought the euro was finally safe.
Minsky Moment for Markets Driven by “Relentless Bids” by Contributor • Sep 3, 2014 • 1 Comment “We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
The Committee to Blow Up the World! by Bill Bonner • Aug 27, 2014 • 1 Comment Why would this bullishness extend to practically the entire globe?
