From One Scam to Another: How Banks in Spain Intend to “Compensate” 1.4 Million Fleeced Homeowners by Don Quijones • Jan 14, 2017 • 33 Comments “Poisoned offers” to settle, backed by the government.
Surge in Consumer Confidence Turns to “Dismal” Retail Sales beyond Autos, Gasoline by Wolf Richter • Jan 13, 2017 • 103 Comments Pundits sent back to the drawing board.
Obama Expands Surveillance Powers on His Way Out by Electronic Frontier Foundation • Jan 13, 2017 • 57 Comments The first Executive Order Trump should abolish.
For How Long Did Fiat-Chrysler Hide its EPA Diesel Fiasco? Investors Found out the Hard Way Today by Wolf Richter • Jan 12, 2017 • 70 Comments Just days ago, CEO Marchionne tried to soften up Trump.
Bitcoin Collapses, Chinese Latecomers Get Fleeced by Wolf Richter • Jan 12, 2017 • 104 Comments “Capital flight” takes on a bitterly ironic meaning.
Fed Pays Banks $12 Billion on “Excess Reserves,” Taken from Taxpayer Pockets by Wolf Richter • Jan 11, 2017 • 60 Comments The circuitous hidden wonders of paying interest on “excess reserves.”
UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options by Don Quijones • Jan 11, 2017 • 8 Comments The bank-bailout business rages on.
Boeing: Three More Waves of Layoffs in 2017, as Orders Collapse to 7-Year Low. Shares Near All-Time High by Wolf Richter • Jan 10, 2017 • 43 Comments That Great Global Economy.
What’s Going on with the Banks? Citi Cuts Goldman to “Sell,” after Goldman Cut Citi to “Neutral” by Wolf Richter • Jan 10, 2017 • 18 Comments Circular firing squad? But bank stocks have soared for three months.
Get Ready for China’s Hot New Export Product: Inflation by Wolf Richter • Jan 10, 2017 • 82 Comments Coming soon to a store near you.