Wolf Richter

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French Government Fears ‘Social Implosions Or Explosions’ – Wolf Richter, Testosterone Pit

The daily drumbeat of layoff and plant-closure announcements in France has been riling up desperate workers who stand to lose their livelihood without much hope of finding a job elsewhere as unemployment has hit 10.5%. But now the government is worried about a “radicalization” of these angry workers. A major quandary: on one hand, the…

The Rise Of Coal In China: “Blackest Day” Still In The Future – Wolf Richter – Testosterone Pit

The “Blackest Day,” is how The Economist called January 12 when the Air Quality Index (AQI) in Beijing rose to a record 755. It was “Beyond index” on a scale where the worst level, “Hazardous,” ranges from 301-500 and carries this warning: “Everyone should avoid all physical activity outdoors; people with heart or lung disease, older adults, and…

LEAKED: Mario Draghi And His Triumvirate Shut Up German Finance Minister To Keep Cyprus From Blowing Up The Eurozone- Wolf Richter- Testosterone Pit

The state-sponsored chorus about the end of the debt crisis in the Eurozone has been deafening. It even has feel-good metrics: the Euro Breakup Index for January fell to 17.2%—the percentage of investors who thought that at least one country would leave the Eurozone within twelve months. In July, it stood at 73%. For Cyprus, the fifth…