The Smiling Face of Austerity: More Welfare for Rich Landowners in the EU by Don Quijones • Nov 25, 2014 • 4 Comments Extreme wealth is not just subject to virtually no tax; it is a magnet for public funds.
Global Business Outlook: “Darkest Picture since Financial Crisis.” US Deterioration “of Greatest Concern” by Wolf Richter • Nov 24, 2014 • 5 Comments Despite incessant hype, businesses depict a troubled global economy.
The Velocity of Dirty Money: What the Grubby 100-Peso Notes Say About Inflation in Argentina by Bianca Fernet • Nov 23, 2014 • 1 Comment It’ll take more than tape to fix the lives it chews up.
Mexico on the Brink – But of What? by Don Quijones • Nov 23, 2014 • 13 Comments The government blames the nationwide protests on groups seeking to “destabilize the country” and undermine the “reform agenda.” But in this militarized, corrupt society, the risk of escalation of violence is immense.
The Global Financial System Comes Unglued by David Stockman • Nov 22, 2014 • 3 Comments The central bank madmen are raging.
This Is a Sign the Startup Bubble Is Totally Maxed Out: It Resorts to (um, Sexy) Junk Mail to Disrupt by Wolf Richter • Nov 21, 2014 • 7 Comments Big money is gushing in all directions.
Spectacular Fall From Grace For Former Brazilian Oil Tycoon by Oilprice.com • Nov 20, 2014 • 2 Comments And how his downfall is mirrored in Brazil’s current troubles.
Soaring Dollar, Plunging Oil, Crummy Global Growth by Wolf Richter • Nov 20, 2014 • Comments Off on Soaring Dollar, Plunging Oil, Crummy Global Growth In one chart.
The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates” by Wolf Richter • Nov 20, 2014 • 13 Comments “Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
The Next Auto Subprime Bust by David Stockman • Nov 19, 2014 • 4 Comments It is only a matter of time before the boom in auto junk implodes under the pressure of rising default rates.
