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.
Gold “Terrifies” the International Monetary System by Wolf Richter • Dec 22, 2014 • 16 Comments Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. But why? I asked the CEO of Goldbroker.com. Fasten your seatbelt.
Oil Price Crash Triggered by the Fed? Amazing Chart by Wolf Richter • Dec 21, 2014 • 5 Comments The Fed giveth, the Fed taketh away. What’s going to crash next?
Spain Takes a Giant Step Backward, Towards Its Dark Past by Don Quijones • Dec 20, 2014 • 5 Comments The Orwellian-titled “Law for Citizen Security,” or more aptly “Gag Law,” is opposed by 80% of the people, but no problem.
So-Called ‘Dumb Money’ Flees Junk Debt. The Market Quakes by Wolf Richter • Dec 20, 2014 • 3 Comments Junk-bond funds hit by ‘market conditions’ as retail investors refuse to be sitting ducks.
Bloody Hell: Argentina’s Import Controls Cause Tampon Shortage by Bianca Fernet • Dec 19, 2014 • 7 Comments The real consequences of ingenious policies (warning: humor lurking).
Global Automakers Get Blasted in Russia by Ruble Crash by Wolf Richter • Dec 19, 2014 • 4 Comments This is what happens when a currency spirals out of control.
Already Crummy US Economy Takes a Sudden Hit by Wolf Richter • Dec 18, 2014 • 14 Comments One heck of a downhill ride since June, culminating in a December dive. But this time, there is no polar vortex to blame.
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.
