How Capitalism Dies by Bill Bonner • Jan 26, 2015 • 15 Comments How is it possible for the average American to get poorer at a time that should have been the most productive and prosperous ever?
Debt and Fracking at Low Oil & Gas Prices: Wave of Defaults, “Outright Liquidations” Next by Wolf Richter • Jan 25, 2015 • 3 Comments Time and money are running out for junk-rated energy companies.
Mario Draghi: Charlatan Of The Apparatchiks by David Stockman • Jan 22, 2015 • 3 Comments The ECB’s QE is fraudulent credit – really dangerous, toxic stuff.
How Wall Street Drove the Oil & Gas Drilling Boom That’s Turning into a Disaster by Wolf Richter • Jan 13, 2015 • 13 Comments “We are not panicking” – bank CEO.
Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street by Wolf Richter • Jan 9, 2015 • 8 Comments The industry is drunk with its own enthusiasm.
How Asset Manager BlackRock Gave Me the Willies About 2015 by Wolf Richter • Dec 26, 2014 • 5 Comments “Financial instability” is a euphemism for “crash.”
First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis by Wolf Richter • Dec 23, 2014 • Comments Off on First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis No respite for the American oil patch and its investors.
So-Called ‘Dumb Money’ Flees Junk Debt. The Market Quakes by Wolf Richter • Dec 20, 2014 • 3 Comments Junk-bond funds hit by ‘market conditions’ as retail investors refuse to be sitting ducks.
Retailer’s Subprime Explodes, Shares Crash 40%, Junk Bonds Fall into “Price Discovery” by Wolf Richter • Dec 10, 2014 • 4 Comments Subprime is merciless when it strikes back.
Treasury Warns Congress (and Investors): This Financial Creature Could Sink the System by Wolf Richter • Dec 8, 2014 • 13 Comments Among those who’ll get to eat the losses: unsuspecting retail investors.
