Bank Bailout Balloons, Tab for Italian Banking Crisis Soars by Wolf Richter • Dec 27, 2016 • 31 Comments Over the Christmas holidays when no one was supposed to pay attention, the bailout costs of Monte dei Paschi, third largest bank in Italy, soared 75%!
Minimum Wages Jump on Jan. 1 in Cities & States. Here’s what I Think about it. by Wolf Richter • Dec 26, 2016 • 135 Comments While Congress sits on its hands.
New Census Data Shows Why the Job Market is Still “Terrible” (as Trump said), but the Numbers Get Hushed up by Wolf Richter • Dec 26, 2016 • 109 Comments Hardly any improvement for individuals since the Great Recession.
Bundesbank Hauls its Gold back from New York & Paris Faster than Planned by Wolf Richter • Dec 25, 2016 • 59 Comments A “trust-building” measure after a huge hullabaloo about the missing gold.
A New Crisis Is Brewing in Spain by Don Quijones • Dec 24, 2016 • 17 Comments The government raided the state pension fund. And now what?
Canada’s Goods Producing Sector Caves by Wolf Richter • Dec 23, 2016 • 70 Comments Exports, particularly to the US get blamed, despite the crushed loonie.
World Trade Falls to 2014 Level, just in Time for a “Trade War” by Wolf Richter • Dec 23, 2016 • 105 Comments Threatened Trade War meets the Great Stagnation.
France Comes up with a Real Jewel to Prop up its 4 TBTF Banks by Don Quijones • Dec 22, 2016 • 24 Comments To cover a capital shortfall of €50 billion.
Red Flag on Recession Crops up in NY Fed’s Coincident Economic Index by Wolf Richter • Dec 22, 2016 • 39 Comments Last time the index declined was in November 2009.
Even Single-Family Rentals Sink in Once Hottest Markets by Wolf Richter • Dec 21, 2016 • 49 Comments San Francisco, San Jose, New York… and cracks appear even in Seattle’s crazy Rent Boom