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German Industry Goes To See Uncle Putin

by Wolf Richter •  • Comments Off on German Industry Goes To See Uncle Putin

The intricate and convoluted connections between Germany and Russia exude a peculiar aroma.

The Risk of Stock-Market Vertigo

by Wolf Richter •  • Comments Off on The Risk of Stock-Market Vertigo

What can possibly go wrong with stocks these days? Five years of the Fed’s QE and zero-interest-rate policy, and look what happened: risks no longer exist. They’ve been priced out of the equation. But now the illusion is ending.

Total Abenomics Fail Slams Japan Where It Hurts Most

by Wolf Richter •  • Comments Off on Total Abenomics Fail Slams Japan Where It Hurts Most

Japanese corporations no longer even try to invest in Japan, but they’re falling all over each other grabbing the Bank of Japan’s freshly printed dough to invest it overseas.

Russian Economy Is Getting Hit, So Are Foreign Investors

by Wolf Richter •  • Comments Off on Russian Economy Is Getting Hit, So Are Foreign Investors

Stocks down, bonds down, ruble down, interest rates up: the pinpricks of the sanction spiral are painful – for foreign investors.

Which Country Is Europe’s Biggest Narco State?

by Don Quijones •  • Comments Off on Which Country Is Europe’s Biggest Narco State?

By Don Quijones: Revelations of a dirty, big business in Europe, and of the role banks play to make it possible. In fact, during the financial crisis, European banks “were as good as saved by the global drug trade.”

Jitters Mount Over Prospect of Catalonian Independence

by Don Quijones •  • Comments Off on Jitters Mount Over Prospect of Catalonian Independence

“You’re making a grave mistake,” the CEO of Catalonia’s megabank La Caixa allegedly told Catalonian President Artur Mas. Like many big shots, he’s fretting over the prospect of independence from Spain – an existential threat to the region’s banks.

The “Sanction Spiral” Elegantly Spirals Out of Control

by Wolf Richter •  • Comments Off on The “Sanction Spiral” Elegantly Spirals Out of Control

The White House attacks Russian financial markets and oil, publicly and behind-the-scenes, Merkel suffers from “moral cowardice,” Russia develops the “Putin Doctrine” and threatens Estonia, and a crescendo of sanctions and counter-sanctions erupts. What gives?

Goldman Goes Bonkers Over Tesla

by Wolf Richter •  • Comments Off on Goldman Goes Bonkers Over Tesla

Wall Street once again stands out as history’s most glorious, most efficient, sophisticated, prolific “gigafactory,” to use Tesla’s newfangled term, for the production of self-serving BS. Investors beware!