But Who the Heck Is Going to Buy all these ‘Overpriced’ Homes? by Wolf Richter • Sep 6, 2014 • 34 Comments Something has to give. And it’s not going to be the maxed-out American middle class.
Obama’s Oil Boom – Global Warming Be Damned by Oilprice.com • Sep 5, 2014 • 21 Comments In other words, oil is back. Big time. Along with a little noticed but crucial shift in White House rhetoric.
Big Tech Teeters, May Sack Most People since 2009 by Wolf Richter • Sep 5, 2014 • 8 Comments Financial engineers have taken over; actual engineers are relegated to an expense category that must be cut.
Fracking in China Collides with “Extremely High” Water Stress by Oilprice.com • Sep 4, 2014 • 2 Comments China’s vast shale gas reserves may never get developed because of one major obstacle: water.
Startup CEO (Unwittingly) Explains Biggest Problem in America’s Unemployment Crisis by Wolf Richter • Sep 4, 2014 • 42 Comments A whole system with convenient low-cost tools.
Minsky Moment for Markets Driven by “Relentless Bids” by Contributor • Sep 3, 2014 • 1 Comment “We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
Coal Crisis in India Hits ‘Critical’ by Contributor • Sep 3, 2014 • 3 Comments Things never look that bad. Until they are.
Subprime Blows up on Retailer, CEO Warns on ALL Subprime, Hits Auto Sales by Wolf Richter • Sep 3, 2014 • 10 Comments Subprime giveth, subprime taketh away.
Hawaii: Fiscal “Sinkhole State” by Contributor • Sep 2, 2014 • Comments Off on Hawaii: Fiscal “Sinkhole State” A few states consistently pop up as having the most pension debt. Hawaii isn’t always on that list. But it should be.
Consumer Spending in August Drops below a Year Ago – Gallup by Wolf Richter • Sep 2, 2014 • Comments Off on Consumer Spending in August Drops below a Year Ago – Gallup Hapless American consumers appear to have hit a limit.
