Former IMF President, Bank-Bailout-Fiasco President, and VP of Spain, Long Untouchable by the Law – Suddenly Gets Crushed by Don Quijones • Apr 18, 2015 • 10 Comments For Spain’s government, the timing could not be worse.
Money from Heaven, Path to Hell by Ryan Litfin • Apr 17, 2015 • 4 Comments What the Fed is going on?! Gains evaporate back into thin air from where they came.
How Wall Street Is Exporting Toxic Junk Loan Waste To Japan by Wolf Richter • Apr 17, 2015 • 13 Comments US junk goes in. Plump, yen-denominated, highly rated bonds come out.
Despite Fierce Opposition, EU Opens Back Door to Fracking by Don Quijones • Apr 16, 2015 • 1 Comment A Lobbyist’s Paradise.
Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009 by Wolf Richter • Apr 16, 2015 • 20 Comments Statistical fluke? Hardly.
Australia Runs out of Luck, Now Needs a Miracle by Lindsay David • Apr 15, 2015 • 8 Comments But miracles are rare these days.
Russia Expands Sphere Of Influence via Iran Nuclear Deal by Nick Cunningham • Apr 15, 2015 • Comments Off on Russia Expands Sphere Of Influence via Iran Nuclear Deal Kremlin looks to Middle East and China.
Fed’s Dudley Warns about Wave of Municipal Bankruptcies by Wolf Richter • Apr 14, 2015 • 17 Comments Risks “more widespread” than implied by bond ratings. Bondholders and public employees beware. The Fed is doing workshops on municipal bankruptcies now.
Japan May Not Restart Nukes After All by Oilprice.com • Apr 14, 2015 • Comments Off on Japan May Not Restart Nukes After All A judge wakes up, whacks Abe’s nuclear plans.
Magnificent Housing Bubble Unravels in Much of Canada by Wolf Richter • Apr 14, 2015 • 6 Comments But prices in Vancouver and Toronto to continue rising “over the next few months.”