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!
by Wolf Richter • • Comments Off on French Megabank: No “Drastic Crisis” in France, It Will Be “Slow And Over Time”
Finally we know why French government debt and French stocks have performed so well, despite the crummy economy, and why France has been spared so far the fate of Cyprus: the fiasco won’t happen suddenly in France, the bank reported. It will be slow and torturous.
by Wolf Richter • • Comments Off on Will The Last Bear Please Turn Out The Lights
When BlackRock CEO Larry Fink grumbled about “way too much optimism” in the markets, he wasn’t kidding. An entire mindset is benchmarking today’s record metrics against the splendor of 2000 and 2007: not to warn, but to prove that this time it won’t end in tears.
by Oilprice.com • • Comments Off on Shell Oil: US Fracking “Revolution” A Money Loser
Shell is already steeped in its Alaska offshore debacle. Now its new boss admitted that fracking in the US, after a huge investment, is a money-losing business.
by Don Quijones • • Comments Off on Banker Farce: Spanish Bank CEO Launches Moral Crusade Against Political Corruption
By Don Quijones: “We have to fight corruption in order to build a new model of more sustainable and fairer growth,” pontificated the CEO of BBVA, a Spanish TBTF bank.
by Oilprice.com • • Comments Off on Obama’s Fantasy: Using US Energy ‘Boom’ Against Russia
The release from the Strategic Petroleum Reserve took down the price of oil in the US, but not in the rest of the world, and didn’t impact Russia. New measures are bandied about – ludicrous attempts by the government to flex some muscle.
by Wolf Richter • • Comments Off on Kremlin: If The US Tries To Hurt Russia’s Economy, Russia Will Target The Dollar
The first official warning shot was fired before an all-out assault on the dollar system begins. Not by a Putin advisor that can be brushed off, but by Alexey Ulyukaev, Russia’s Minister of Economy and former Deputy Chairman of the Central Bank. A major escalation.
by Electronic Frontier Foundation • • Comments Off on Russia Blocks Access to Major Independent News Sites And Blogs
Russia has escalated its use of its Internet censorship law to target news sites, bloggers, and politicians under the slimmest excuse of preventing unauthorized protests and enforcing house arrest regulations.
by Wolf Richter • • Comments Off on Bay Area Home Sales Plunge To 2008 Levels, Prices Soar
It starts here: evictions in San Francisco hit the highest level since 2001, when the dotcom bubble was disintegrating. Everything these days gets benchmarked against the last bubbles: the dotcom bubble that blew up in 2000, the housing bubble that blew up in 2007.
by Wolf Richter • • Comments Off on German Exporters Fire Warning Shot About Russia “Sanction-Spiral,” Banks At Risk
It took a while. But it had to come, the public warning shot – after some ferocious lobbying behind closed doors. No one in Germany is allowed to get in the way of the sacrosanct exporters. The German economy, to the chagrin of neighboring countries, is based on them.
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