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Night of the Living Debt

by Wolf Richter •  • Comments Off on Night of the Living Debt

The worldwide night of the living debt continues with Greece, Italy, and the US. And so I mention them, nasty as I am, in the same breath with Japan.

Summer in San Francisco

by Wolf Richter •  • Comments Off on Summer in San Francisco

Time to bundle up. Summer has arrived in San Francisco. 53° F (I’m not kidding), and this is what it looks like: The question I have is—and this might sound comical for my buddies in Tulsa who are getting roasted at 107° F—if I’ll make it through the summer without turning on the heater.

The M&A Typhoon

by Wolf Richter •  • Comments Off on The M&A Typhoon

Another day, another series of mergers and acquisitions. Among the most prominent today: Carl Icahn’s offer to acquire Clorox Co. and BHP Billiton’s takeover of Petrohawk Energy Corp. The frenzy is blowing across the country with considerable violence. And just like the last typhoon before the financial crisis, it will leave behind massive job destruction.

Twin eggs!

by Wolf Richter •  • 3 Comments

 Double Yolkers! I admit, the two smaller but complete yolks in one egg are beautiful, and if I were God, I would have designed them that way from get-go, but it’s bizarre nevertheless. I can’t remember ever having seen twin eggs in my life, and now, suddenly, in the span of a year, I see…

Debt-Ceiling Pissing Match Seen from a Safe Distance

by Wolf Richter •  • Comments Off on Debt-Ceiling Pissing Match Seen from a Safe Distance

While Democrats and Republicans, jointly and severally, engage in an all-out pissing match over the national debt ceiling and the budget deficit that even has the Chinese worried, let’s take a moment and reflect from a safe distance on how we got here, and why nothing of significance is going to change.