by Wolf Richter • • Comments Off on Here’s the Chart that Shows Why the Housing Market Is Sick
Homeownership hit the skids when homes became a highly leveraged asset class, flipped and laddered by speculators, rather than lived in by normal folks.
by David Stockman • • Comments Off on The Wall Street ‘Escape Velocity’ Scam: GDP Forecasts Fizzles Again
Nothing is more predictable than Wall Street economists proclaiming early each year that money printing will finally work, that GDP growth will hit “escape velocity.” But this year, the markdowns are fast and furious.
Natural gas consumption in the US could soar by 19% to 31% over the next five years due to a wave of planned industrial projects. But what would that do to the price?
by Wolf Richter • • Comments Off on Saber-Rattling Between Japan, China, and RUSSIA of all things Hits Record
The Japanese Defense Ministry refused to speculate why Russian activity had suddenly soared, just when both countries are trying to hash out a mega-energy deal.
