by Wolf Richter • • Comments Off on Investment Bank: The End Of US Economic Growth
“We fear that, once the effects of monetary stimulus disappear in the US, the weakness of the economy due to income inequalities may suddenly be revealed.”
by David Stockman • • Comments Off on The Crony Capitalist Corruption At GM
GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy.
by Don Quijones • • Comments Off on The Global Corporatocracy Is Nearing Completion
Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.
No, I didn’t sell out, though I had an offer. Don’t worry, I won’t go mainstream. Or go soft on Wall Street. I won’t water down my sarcasm, either. But there are big changes coming.
by David Stockman • • Comments Off on Canary In A Handbag: Why Coach Hit The Skids
Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That’s the payoff for playing the destructive game of the Wall Street casino.
by Wolf Richter • • Comments Off on Last Time Corporate America Did This, The Stock Market Crashed
So what happens when these huge and reckless buyers with their nearly endless resources start cutting back after a phenomenal peak? Well, we know what happened in 2008.
by Oilprice.com • • Comments Off on In Search Of Russia’s Lost Fracking Boom
Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.
