Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
BMW Smacks Down Elon Musk’s Tesla Collaboration Hype by Wolf Richter • Nov 28, 2014 • 28 Comments BMW insiders: Tesla CEO Elon Musk “is using us for PR purposes.” Stung by Daimler’s and Toyota’s exit, he wants to “decorate” himself with the name BMW.
OPEC Refuses to Cut Production, Oil Plunges off the Chart by Wolf Richter • Nov 27, 2014 • 9 Comments It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
Junk Bond Carnage, One Company at a Time by Wolf Richter • Nov 27, 2014 • 4 Comments The money is drying up. Bondholders grapple with the sordid meaning of “junk.”
California Housing Market Cracks in Two, Top End Goes Crazy by Wolf Richter • Nov 26, 2014 • 6 Comments The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
Global Business Outlook: “Darkest Picture since Financial Crisis.” US Deterioration “of Greatest Concern” by Wolf Richter • Nov 24, 2014 • 5 Comments Despite incessant hype, businesses depict a troubled global economy.
This Is a Sign the Startup Bubble Is Totally Maxed Out: It Resorts to (um, Sexy) Junk Mail to Disrupt by Wolf Richter • Nov 21, 2014 • 7 Comments Big money is gushing in all directions.
The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates” by Wolf Richter • Nov 20, 2014 • 13 Comments “Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
It’s Official: Party Now, Apocalypse Later by Wolf Richter • Nov 19, 2014 • 13 Comments That’s the new thinking about the markets in a crummy global economy where everything is overvalued.
Warren Buffett Is Dumping Stocks out the Backdoor by Wolf Richter • Nov 17, 2014 • 13 Comments His impeccable sense of timing appears to have kicked in.
