A feeding frenzy on cheap investor money before it dries up. But the scheme is coming unglued.
Wolf Richter
US Debt Jumps $181 billion in Two Months, hits $18 Trillion
by Wolf Richter • • 0 Comments
But hey, the volcano hasn’t erupted yet. So let’s just party on.
Wolf Richter
Oil Slams Venezuela, Probability of Default Soars to 84%
by Wolf Richter • • 0 Comments
Under pressure from US fracking and Canadian tar sands, Venezuela runs out of options.
Wolf Richter
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela
by Wolf Richter • • 0 Comments
Afterhours, oil plunged again. And the bloodletting is spreading.
Wolf Richter
Ruble Freefall: And the Ugliest Currencies Are?
by Wolf Richter • • 0 Comments
Getting messy: oil price plunge not the only problem for currencies that made the “Ugliest Currency Chart.”
Wolf Richter
BMW Smacks Down Elon Musk’s Tesla Collaboration Hype
by Wolf Richter • • 0 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.
Wolf Richter
OPEC Refuses to Cut Production, Oil Plunges off the Chart
by Wolf Richter • • 0 Comments
It’s Thanksgiving, and there’s chaos in the oil market (very ugly chart).
Wolf Richter
Junk Bond Carnage, One Company at a Time
by Wolf Richter • • 0 Comments
Money is drying up. And bondholders grapple with the sordid meaning of “junk.”
Wolf Richter
California Housing Market Cracks in Two, Top End Goes Crazy
by Wolf Richter • • 0 Comments
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
Wolf Richter
“Darkest Picture since Financial Crisis” for Global Business Outlook. US Deterioration “of Greatest Concern”
by Wolf Richter • • 0 Comments
Survey of businesses confirms: global economy is in trouble.
