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Gotham City Takes Down Spanish Joker

by Don Quijones •  • Comments Off on Gotham City Takes Down Spanish Joker

Gowex was one of the most recommended stocks in Spain, including among the biggest banks. But under attack by a short-seller, it jumped from denial to confession and collapse in five short days, exposing just how well Spain’s regulators function.

Whatever You Do With A Tesla, Don’t Wrap It Around a Lamppost

by Wolf Richter •  • Comments Off on Whatever You Do With A Tesla, Don’t Wrap It Around a Lamppost

The nightmare for Tesla started when a stolen S, as it crashed, split into two, with one half bursting into flames. This just isn’t supposed to happen with modern cars.

A Dark Alliance: European Union Joins Forces With Wall Street

by Don Quijones •  • 1 Comment

Negotiations behind closed doors are under way to water down all forms of financial regulation on both sides of the Atlantic via the Transatlantic Trade and Investment Treaty. Leading the charge: not the US government, but an unholy alliance between the European Commission, Wall Street, and the City of London.

German Miracle Economy Trips, Good Weather Gets Blamed

by Wolf Richter •  • Comments Off on German Miracle Economy Trips, Good Weather Gets Blamed

After a decent first quarter, a lot of iffy data has cropped up in Q2. Today, industrial output added to the woes. The weather got blamed … the warm weather in Q1 that caused the drop-off now! I mean, come on!