Why the Pentagon Dreads the “Sale” of IBM’s Chip Business by Wolf Richter • Nov 12, 2014 • 5 Comments Undetectable “kill switches” built into semiconductors.
Saudi Arabia Aims at US Fracking Industry, Hits Its Own Foot by Wolf Richter • Nov 11, 2014 • 11 Comments And triggered a rout among oil producing nations.
How to Commit Financial Suicide by Bill Bonner • Nov 11, 2014 • 6 Comments “Hey… you want a wealth effect? I’ll give you a wealth effect!”
The Major Threat to Some of the Largest Oil Producers by Contributor • Nov 10, 2014 • 10 Comments Saudi Arabia is rattling the oil sector with a price war that many think is aimed at U.S. oil producers. But there’s an easier price war to win: with Canadian tar-sands operators.
This Chart Shows How The Biggest Problem in the Jobs ‘Recovery’ Keeps Getting Worse (by the Atlanta Fed!) by Wolf Richter • Nov 10, 2014 • 7 Comments But it performs miracles on corporate profits.
Retail Investors’ Mad Rush into Short Volatility, and How They’ll Get Crushed by Contributor • Nov 9, 2014 • 3 Comments “The biggest wealth transfer from retail investors to professional investors in history.”
Luxembourg Takes the Heat, but the World’s Worst Tax Haven – the City of London – Remains Unscathed by Don Quijones • Nov 8, 2014 • 7 Comments There are a lot of tax havens in Europe. But they pale against the power of the City of London.
It’s Official: Spain is Unraveling by Don Quijones • Nov 7, 2014 • 16 Comments While the Rajoy government fiddles in its culture of corruption, the people simmer with anger, and Spain is about to enter a whole new world of pain.
Layoffs Explode In America’s Big Old Tech Companies by Wolf Richter • Nov 7, 2014 • 11 Comments Job cut announcements in tech doubled from a year ago. Worst year since 2009.
The 10 Housing Markets in America where Cash Totally Rules by Wolf Richter • Nov 6, 2014 • 1 Comment And 8 of them are in which state?