Bitcoin Proves You Cannot Have Your Digital Cake and Eat it Too by Nathan McDonald • Dec 15, 2017 • 61 Comments Libertarians flocked to it “because of the potential that Bitcoin offered, as a decentralized form of money.” That is now over.
The Flattening US “Yield Curve”? NIRP Refugees Did it by Wolf Richter • Dec 14, 2017 • 69 Comments Sez Fitch & Yellen.
Yellen Shrugs Off Bitcoin as “Full-Blown Financial Stability Risk.” In Other Words, No Fed Bailout when Prices “Fluctuate” by Wolf Richter • Dec 13, 2017 • 61 Comments As long as banks are not exposed to bitcoin.
Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers Unable to get a Mortgage by Steve Saretsky • Dec 13, 2017 • 48 Comments The Canadian Housing & Debt Bubble ascends to the next level of risk.
Peak Bitcoin Media-Mania Yet? by Wolf Richter • Dec 11, 2017 • 105 Comments In ten practically funny pictures.
How Fed Rate Hikes Impact US Debt Slaves by Wolf Richter • Dec 11, 2017 • 73 Comments But savers are still getting shafted.
Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down by Wolf Richter • Dec 8, 2017 • 55 Comments $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come.
The Fed’s QE-Unwind is Really Happening by Wolf Richter • Dec 7, 2017 • 122 Comments Fed’s assets drop to lowest level in over three years.
Bonds Issued by Acquirer of Mattress Firm & Sherwood Bedding Collapse after ECB Buys Them as Part of QE by Wolf Richter • Dec 6, 2017 • 46 Comments Steinhoff’s “accounting irregularities” crush its stock.
Fed Tightens, “and so far, Nothing Has Blown Up” by Wolf Richter • Dec 5, 2017 • 67 Comments Gundlach frets about bonds during QE unwind, rate hikes, tax cuts, and rising deficits.