Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin by Wolf Richter • Dec 30, 2014 • 8 Comments The toxic mix of financial engineering and an oil-price collapse.
Last Time Inflated Home Prices Strangled Sales Like This, the Housing Market Crashed by Wolf Richter • Dec 29, 2014 • 15 Comments The bitter irony of the Fed’s handiwork.
Elegantly Soaring Dollar to Hit “Air Pocket” in 2015, Slated for Long-Term Decline by Wolf Richter • Dec 28, 2014 • 10 Comments “Whenever a consensus is so unanimous, our gut tells us it’s wrong” – BlackRock
How Asset Manager BlackRock Gave Me the Willies About 2015 by Wolf Richter • Dec 26, 2014 • 5 Comments “Financial instability” is a euphemism for “crash.”
OPEC May Cull Weaker Members by Oilprice.com • Dec 26, 2014 • Comments Off on OPEC May Cull Weaker Members At current prices, OPEC revenues in 2015 could plunge 50% from 2013.
LEAKED: Secret Negotiations to Let Big Brother Go Global by Don Quijones • Dec 25, 2014 • 6 Comments A leaked document details the ugly ramifications of the Trade in Services Act being hashed out in total secrecy between the US, the EU, and other countries.
Fight Breaks Out Over Your Absolutely-No-Privacy-Ever Car by Wolf Richter • Dec 24, 2014 • 8 Comments “We’re unwrapping the best holiday gift we could’ve imagined,” Google gushed. Automakers beg to differ. You’re not even asked.
Global Monetary Power Shifts from Dollar, China Stakes Claim, Rescues Currencies of Argentina and Russia by Bianca Fernet • Dec 24, 2014 • 7 Comments Further dislodging the dollar from its dominance. At a price, for Argentina and Russia.
First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis by Wolf Richter • Dec 23, 2014 • Comments Off on First Oil, now US Natural Gas Plunges off the Chart, “Negative Igniter” for New Debt Crisis No respite for the American oil patch and its investors.
The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts by David Stockman • Dec 23, 2014 • 1 Comment The Fed’s “No Banker Left Behind” Program.
