“An epidemic of the world economy” is what Putin called offshore tax-dodge jurisdictions as he issued a threat to Russian companies, even state-owned companies, and their oligarchs.
“Recently, the billionaire venture capitalist Vinod Khosla went hunting for one-bedroom apartments in San Francisco….” And then he opened his mouth.
A terrible corporate hangover from the consumption-tax hike has set in.
State and city pension plans have been in a heap of trouble for years. What they need in order to be there in the future is a booming economy year after year and endlessly inflating asset bubbles. Otherwise, forget it. And even then, there’s a $1.1 tri…
Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it’s dropping the ball again du…
There comes a time when risk just disappears, when nothing can go wrong, when there are no dark clouds on the horizon. The Fed has a measure for it: the Financial Stress Index.
The European economy has been on a phenomenal roll since 2012, according to the soaring Stoxx 600 stock index. Recessions, unemployment fiascos, toppling banks, collapsing auto sales… they didn’t exist. But what the heck is wrong with this pict…
Record bullishness about the S&P 500! But beneath the largest stocks, volatility has taken over ruthlessly, the market is in turmoil, people are dumping stocks wholesale, dreams and hopes are drowning in red ink, and Wall Street doesn’t want you to see it.
Russians learned a lesson in Cyprus: don’t wait till your money gets confiscated.
When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.