Home » Posts tagged 'wolfstreet' (Page 23)
Tag Archives: wolfstreet
Dark Days Ahead for Catalonia
Dark Days Ahead for Catalonia It isn’t just about what happens on Sunday; it’s about the ensuing days and weeks. The next 72 hours could be crucial not only for Catalonia, but also for the rest of Spain and Europe. For now, the cards are overwhelmingly stacked in Madrid’s favor. The central government enjoys the […]
The Steep Price of Disaster in Mexico
The Steep Price of Disaster in Mexico Rescue efforts in Mexico are beginning to wind down after a trepidatory (vertical) earthquake unleashed destruction and bedlam in Mexico City and the two central states of Puebla and Morelos on Tuesday. The temblor took place 32 years to the day after a horrendous quake killed at least […]
This Fed is on a Mission
This Fed is on a Mission QE Unwind starts Oct. 1. Rate hike in Dec. Low inflation, no problem. The two-day meeting of the FOMC ended on Wednesday with a momentous announcement that has been telegraphed for months: the QE unwind begins October 1. It marks the end of an era. The unwind will proceed […]
Who Gets Hit by Mortgage Losses in Harvey and Irma Areas?
Who Gets Hit by Mortgage Losses in Harvey and Irma Areas? “We need to ask for a policy change because the burden with these losses is too big.” Somebody is going to pay for losses on mortgages of homes that were destroyed by Hurricanes Harvey and Irma. It’s a just a question of who. The […]
Catalonia’s Defiance of Spanish Authority Turns into Rebellion
Catalonia’s Defiance of Spanish Authority Turns into Rebellion “Do not underestimate the power of Spanish democracy.” With these words, eerily reminiscent of a line once spoken by Star Wars villain Darth Vader, Spain’s Prime Minister Mariano Rajoy brought to a close a week of frenzied drama. It began with a foiled attempt by the Spanish […]
Can You Really “Shut Down” a Nuclear Power Plant before a Hurricane?
Can You Really “Shut Down” a Nuclear Power Plant before a Hurricane? Soothing words before the storm: “Our nuclear plants are now shut down.” There are those who believe the answers to life’s most pressing questions can be found in one of two movies: “The Godfather” (part one) or “The Princess Bride.” In the latter […]
The Next Spanish Bank Teeters, at Worst Possible Time
The Next Spanish Bank Teeters, at Worst Possible Time The timing could not have been worse: just as Spain faces its biggest constitutional crisis in over 40 years with Catalonia’s independence vote, another bank has begun to wobble. Liberbank, Spain’s eighth largest lender, was spawned in 2011 from the shotgun marriage of three failed cajas […]
Worst US Consumer Data Hack Ever? Equifax Confesses
Worst US Consumer Data Hack Ever? Equifax Confesses Your data was likely stolen. Here’s what you can do to protect yourself even after the hack, and Equifax doesn’t want you to do it. Equifax, as a consumer credit bureau, collects financial, credit, and other data on every US consumer. It has names, birth dates, social […]
Toronto Home Price Bubble Descends into Bear Market
Toronto Home Price Bubble Descends into Bear Market With surprise rate hike, Bank of Canada turns against housing market. Home sales in the Greater Toronto Area, the largest housing market in Canada, plunged 34.8% in August compared to a year ago, to 6,357 homes, with sales of detached homes and semi-detached homes getting eviscerated: Sales […]
What Will Markets Do if Congress Pushes US into Default? And “Trump Nationalism” Faces the Globalist System
What Will Markets Do if Congress Pushes US into Default? And “Trump Nationalism” Faces the Globalist System Here I am with radio host Jim Goddard on This Week in Money, holding forth on the chances that Congress won’t raise the debt ceiling in time and will push the US into default — if it does, […]
What Did Harvey Do to the Wind Farms on the Texas Coast?
What Did Harvey Do to the Wind Farms on the Texas Coast? Downed power lines was the biggest problem. Oil-and-gas state Texas is by far the largest wind power producer among US states. With an installed capacity of 21,044 MW, and with 5,437 MW under construction as of the end of 2016, Texas is well […]
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet “The panicky mood has been dampened down,” as other banks are rumored to be teetering. True to the playbook of bank bailouts, the Central Bank of Russia (CBR) decided to bail out Bank Otkritie Financial Corporation, the largest privately owned bank in the […]
The US and the World: Wolf Richter on the Keiser Report
The US and the World: Wolf Richter on the Keiser Report “These things can go on for a long time — until they can’t…” Here I am with Max Keiser on the Keiser Report, tackling the global schemes of our crazy times: the shifting economic relationships between the US, its allies, and China whose authorities are […]
Peak US Asset Prices? Japanese Acquisitions Hit Record
Peak US Asset Prices? Japanese Acquisitions Hit Record Their buying binge in the US goes into the “Contrarian Indicators” category. After eight phenomenal years of surging stock prices in the US, buyers are getting cold feet: Acquisitions targeting US companies dropped 15% so far this year, to $789 billion, according to Dealogic. In Japan, it’s […]
Next Brick to Drop on UK Economy: Housing Bubble Deflates
Next Brick to Drop on UK Economy: Housing Bubble Deflates London home prices are already tanking, as demand sags. The symbiotic sectors of construction and real estate have been a vital engine of economic growth in the United Kingdom for decades, but that could be about to come to an end. In the words of […]
