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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!

How The US Government Deliberately Understates Inflation

by Wolf Richter •  • Comments Off on How The US Government Deliberately Understates Inflation

Since rents aren’t fully reflected in the Consumer Price Index, we’re behind the curve. And the Fed, which relies on the PCE index, “won’t even see the curve,” says Lee Adler in this must-see video (and chart) that raised my blood pressure.

‘It’s Like We Have Developed An Inability To Even See Risks’

by Wolf Richter •  • Comments Off on ‘It’s Like We Have Developed An Inability To Even See Risks’

My convo with a wealth manager at a megabank who’s been at it for 30 years, has seen three crashes while on the job, but unlike others in finance, hasn’t re-forgotten the lessons for the third time.