Wolf Richter

The Next Shoe To Drop In France – Wolf Richter- Testosterone Pit

France’s economic foundations are cracking. Unemployment hit 10.5% and is incessantly rising. The private sector is becoming comatose. Car sales sank 13.9% in 2012, from a lousy 2011; sales by its native automakers plunged even more: PSA PeugeotCitroën down 16.6%, Renault Group down 19.8%. Now home sales are grinding to a halt. And the finger-pointing has already started. In…

Paradigm Shift For The Healthcare Expense Monster | Wolf Richter- Testosterone Pit

A sadly familiar theme in the US—the growing ranks of the working poor—was fleshed out today. But the report, “Low-Income Working Families: The Growing Economic Gap,” did something else: it added graphic details to the conundrum of US healthcare spending. While it ballooned to $2.7 trillion, 17.9% of GDP, or $8,680 per capita, households have loweredtheir share. And so…