by Wolf Richter • • Comments Off on This Chart Is A True Picture of The Bank Credit Bubble In America, Now Bigger Than The Last One (Which Blew Up)
For a while, rumor had it that banks weren’t lending, and that this was the reason the recovery has been so crummy. There was no demand for loans, and banks were too tight with their lending standards. Or so the story went.
by Wolf Richter • • Comments Off on Biggest Credit Bubble in History Runs Out Of Time
Yield investors, driven to insanity by the Fed’s interest-rate repression, hold their noses and close their eyes to scrape up even the crappiest paper just to get a little extra yield. “On the way in, there’s insatiable demand.” Alas, “it’s going to be a disaster on the way out.”
by Contributor • • Comments Off on Doctor’s Perspective: Perils and Pitfalls of Corporatized Medicine
“Professional bullying from administrators to run both a pill mill and a needle jockey business was tremendous. I resisted the entire time. But god, it wore me out.”
by Wolf Richter • • Comments Off on Richest 200 Moguls Made $13.9 Billion Today
Bernanke doesn’t regret any of the Fed’s actions, he said, except not explaining them to the people. They “really don’t understand why we did what we did,” he said. But there are a few people who do understand.
by Contributor • • Comments Off on The Very Brief Phenomenon Of The Gold Standard
By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.
by Wolf Richter • • Comments Off on America And Oil: This Chart Shows Why OPEC’s Knees Are Trembling
What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences.
by Wolf Richter • • Comments Off on Exodus of Japan Inc. Slams China
China’s moves “discourage” Japanese corporations from doing business there, said the Japanese government on Monday. That’s exactly what has been happening for months. In a most dramatic way, and where it hurts China the most.
by Wolf Richter • • Comments Off on Draghi’s Bold Push For Creeping Defaults And Real Wage Cuts
There is nothing like a wealthy central bank chief admitting that he wants to, one, help governments default gradually on their debts; and two, cut the real wages of workers. An honesty the Fed never dared to exhibit when it inflicted waves of QE on American workers.
by Don Quijones • • Comments Off on Seed Wars: Latin America Strikes Back Against Monsanto
By Don Quijones: With more back channels and revolving doors to governments around the world, Monsanto is used to getting its way. But now it faces an outright rebellion.
