World Trips Over the Explosive Dollar by Wolf Richter • Dec 10, 2015 • 12 Comments “Hard to be bullish about the global economy” – National Bank of Canada.
Tragic-Comic Economic Mess Hits Argentina’s New President by Bianca Fernet • Dec 10, 2015 • 15 Comments In her final weeks as President, Cristina spent every cent she could, by hook or crook, leaving central bank and economy in disarray.
China’s Steel Industry Bleeds, Prices Collapse, Losses Mount, and Now the Government Gets Gloomy by Wolf Richter • Dec 9, 2015 • 8 Comments “A risky strategy.”
Rumors of New Bank Bailouts in Spain by Don Quijones • Dec 9, 2015 • 5 Comments Just when the government touts its miracle economy to win the elections!
Bond King Gets Antsy as Junk Bonds, Which Lead Stocks, Spiral to Heck by Wolf Richter • Dec 9, 2015 • 18 Comments “We are looking at real carnage….”
Dogged by Lousy Global Demand and Wild Overcapacity, China Containerized Freight Index Crashes to Worst Level Ever by Wolf Richter • Dec 8, 2015 • 4 Comments Bad breath of zero-interest-rate era wafts over real economy.
Financial War over Oil Reshapes World, Will End with Much Higher Prices by Larry Kummer • Dec 8, 2015 • 20 Comments Low oil prices are the wreckage from a war – a financial war.
Industry Holds Breath for Craziest-Ever Commercial Property Boom to Implode by Wolf Richter • Dec 7, 2015 • 24 Comments “If this isn’t the peak, we’re probably close.”
US Exports & Manufacturing Debacle Covered up by Oil by Wolf Richter • Dec 7, 2015 • 11 Comments A terrible deterioration.
What Happens When the Auto-Loan Boom Blows Up by Larry Kummer • Dec 6, 2015 • 28 Comments Autos impact various parts of the economy in a big way.