Housing Bubble 2: California November Home Sales Plunge to Multiyear Lows, Prices Soar by Wolf Richter • Dec 18, 2014 • 2 Comments Sales down 20% in San Francisco, but prices soar 27% to ludicrous levels.
Ruble Spirals Elegantly out of Control as Functional Currency by Wolf Richter • Dec 17, 2014 • 12 Comments Ruble collapses, Russians and bankers fret, Apple and automakers stop selling, as the government dumps its crown jewels to stem the chaos for a day.
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? by Wolf Richter • Dec 16, 2014 • 1 Comment Yields spike, damage spreads. Investors try to bail out while they still can.
This Is Why the Oil-Price Crash Will Maul the US Economy by Wolf Richter • Dec 15, 2014 • 18 Comments Wall Street promises a big boost to US GDP. What have these folks been smoking?
France Cut by Fitch, Kicked by Bundesbank, Jilted by Logic, Has Newfangled Solution: Sunday Shopping. And Blows it by Wolf Richter • Dec 15, 2014 • 6 Comments France comes up with another potent fix to its economic debacle. Hilarity ensues.
Spanish Judge Exposes Too-Big-to-Fail Bank Robbery by Don Quijones • Dec 14, 2014 • Comments Off on Spanish Judge Exposes Too-Big-to-Fail Bank Robbery It was all a big fat lie, and everybody – except retail investors – was in on it.
What the Heck Just Transpired in the Global Markets? by Wolf Richter • Dec 14, 2014 • 8 Comments Stocks, junk bonds, oil, and the bitter whiff of international chaos.
Bloodletting in the American Oil Patch Has Only Just Begun by Oilprice.com • Dec 13, 2014 • Comments Off on Bloodletting in the American Oil Patch Has Only Just Begun An attribute of this oil market is its incredible ability to breed selling as it goes lower.
Russia’s Proposed Interbank System Threatens Global Economy by Contributor • Dec 13, 2014 • 5 Comments Its alternative global economic and financial system that rejects US rules has consequences.
Google Strikes Back Against Spanish Newspaper Cartel by Don Quijones • Dec 12, 2014 • 1 Comment Spain tried to protect its mainstream media by attacking alternative websites and bloggers with a “Google tax.” Now Google has answered.
