So the Japanese Government Bond Market Is Dead. And the Yen? by Wolf Richter • Dec 4, 2014 • 12 Comments In two years, 37% of Japan’s yen-denominated wealth has gone up in smoke.
Dreadful Chart of Russian Ruble vs Probability of Default by Wolf Richter • Dec 3, 2014 • 5 Comments The plunge in the price of oil and the impact of the sanctions are ransacking the Russian economy and finances.
Corporate Bond Bubble Comes Unglued at the Bottom, Investors Begin to Bleed by Wolf Richter • Dec 3, 2014 • 1 Comment A desperate feeding frenzy takes its course.
Mexico on the Verge of a New Tequila Crisis? by Don Quijones • Dec 3, 2014 • 1 Comment Toxic mix: plunging oil price, soaring debt, itchy hot money, and public rage.
US Debt Jumps $181 billion in Two Months, hits $18 Trillion by Wolf Richter • Dec 2, 2014 • 8 Comments But hey, the volcano hasn’t erupted yet. So let’s just party on.
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Weren’t Lower Gas Prices Supposed to Boost Holiday Shopping? by Wolf Richter • Dec 1, 2014 • 3 Comments Drivers benefit from oil war. But what the heck are they doing with their moolah?
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
Ruble Freefall: And the Ugliest Currencies Are? by Wolf Richter • Nov 29, 2014 • 1 Comment Getting messy: oil price plunge not the only problem for currencies that made the “Ugliest Currency Chart.”
That Hot US-EU Trade Deal? Destroys 600,000 EU Jobs – Study by Don Quijones • Nov 29, 2014 • 10 Comments As the EU periphery has shown, cutting wages – as bad as that is – does not necessarily translate into the creation of new jobs. But then, who would win?
