Inflation Becomes a Political Bitch for Democrats as People’s Mood Sours amid Biggest Fed-Fueled Boom for the Wealthy by Wolf Richter • Nov 14, 2021 • 254 Comments Time to nominate some hawks to the Fed’s Board of Governors.
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update by Wolf Richter • Oct 2, 2021 • 254 Comments The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic.
Treasury General Account Plunges by $100 Billion in One Week. How Close to Zero Will it Get? by Wolf Richter • Sep 30, 2021 • 112 Comments “Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
Proposed EV Tax Credits = Braindead Economic Policy +Last Thing the Booming EV Industry & EV-Hungry Consumers Need by Wolf Richter • Sep 13, 2021 • 158 Comments Everyone loves more free money. But EVs can stand on their own four wheels, so to speak. Let competition force innovation on automakers.
The Most Monstrously Overstimulated Economy & Markets Ever by Wolf Richter • Aug 25, 2021 • 160 Comments The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up by Wolf Richter • Jan 6, 2021 • 504 Comments What happened is shocking, heartbreaking, and previously unthinkable.
Congress to Pass $17 Billion Bailout of Airline Shareholders & Bondholders, to Top Off Prior Bailout. Industry Applauds, Airline Stocks Jump by Wolf Richter • Dec 15, 2020 • 161 Comments Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11 bankruptcy works. Airlines proved it.
Worst Recovery Ever: To Soothe Investor Pain, Government Agency TSA Hypes Airline Stocks in Chilling PR Stunt by Wolf Richter • Oct 19, 2020 • 147 Comments What the TSA said in its PR stunt and what it forgot to say.
Facing Crappiest Recovery Ever, Airlines Demand New $25-Billion Bailout, for $50 Billion Total, after Having Burned $45 Billion on Share Buybacks by Wolf Richter • Sep 28, 2020 • 133 Comments Coddled investors, not taxpayers, should step up to the plate and fund the “daily cash burn.”
What’s in Beijing’s Mystery Security Law Will Be a Giant Tell about Hong Kong’s Future by Chris Oliver • Jun 28, 2020 • 45 Comments Sense of Foreboding in Hong Kong. Beijing’s black-box approach doesn’t bode well for local freedoms.