Home » Posts tagged 'wolf richter' (Page 30)
Tag Archives: wolf richter
ECB Press Release this Wednesday Could End Extortion Racket over Greece – à la Cyprus 2013
ECB Press Release this Wednesday Could End Extortion Racket over Greece – à la Cyprus 2013 It was Greece’s “last chance,” again. But Sunday, it too fell apart, as they always do. European Commission President Jean-Claude Juncker broke off his attempts to mediate between Greece and its creditors. The differences were too large, a spokesperson […]
Is Canada Next?
Is Canada Next? “All of that negative news has kind of put a downer on consumer sentiment,” is how Jharonne Martis, director of consumer research at Thomson Reuters, explained the crummy consumer confidence reading on Friday. The Thomson Reuters/Ipsos Canada Primary Consumer Sentiment Index haddropped to 51.6, the lowest so far this year and well below […]
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut The high-rise construction boom in Toronto has been evident for a while. It has been motivated by sky-high prices. In May, prices in Toronto rose another 5% from a year ago. For all types of homes, prices are now 42% higher than at the crazy peak […]
What Does California Gov. Jerry Brown Know about the Next Crash and Recession that We Don’t?
What Does California Gov. Jerry Brown Know about the Next Crash and Recession that We Don’t? California was America’s Greece in 2009. It had excellent wine and olive oil. But tax revenues were collapsing. The deficit ballooned. Its credit rating was cut to the lowest of any state in the US. It couldn’t borrow at […]
Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates
Get Used to Selloffs, Central Bankers Say as They Fret about the Terrifying Moment When Liquidity Evaporates Axel Weber, president of the Bundesbank and member of the ECB’s Governing Council until he quit both in 2011 to protest the ECB’s bond purchases, quickly landed a new gig: chairman of UBS. WHIRR went the revolving door. From this […]
Last Two Times This Happened, Stocks Crashed
Last Two Times This Happened, Stocks Crashed Global growth is languishing, corporate revenues too, but CEOs are trying to show they can grow their companies the quick and easy way. Cheap debt is sloshing through the system while yield-hungry investors offer their first-born to earn 5%. And this cheap debt along with vertigo-inducing stock valuations […]
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen
Why the Bank of Japan Can’t Stop a Sudden Collapse of the Yen On Friday morning in Tokyo, the Nikkei stock index was up again, at 20,600, highest in 15 years. Since “Abenomics” has become a common word in December 2012, the Nikkei has soared 128% on a crummy economy, terrible government deficits, and an insurmountable […]
The Chilling Thing an Industry Insider Said about Glyphosate, GMOs, and Why He Sold His Conventional Seeds Company
The Chilling Thing an Industry Insider Said about Glyphosate, GMOs, and Why He Sold His Conventional Seeds Company Dan Romig, who along with his father co-founded Trigen Seed LLC in 1993 and bloodstresold to Limagrain Cereal Seeds in 2010, is an insider in the seeds industry. His father was head of R&D at Northrup King, a subsidiary of […]
Global Trade Dives Most since the Financial Crisis
Global Trade Dives Most since the Financial Crisis How great was the global economy in the first quarter? We know the US economy was crummy. The revised GDP estimate will likely sink into red mire. Hence the heated proposals these days, including at the Fed, to apply “a second round of seasonal adjustment” that would “correct” […]
Former Fed Governor Predicts “Wrenching” Market Adjustment
Former Fed Governor Predicts “Wrenching” Market Adjustment Lawrence Lindsey, a Governor of the Federal Reserve from 1991 to 1997, was right before. And got fired for it. Reality was too inconvenient. In December 2002, as George W. Bush’s economic adviser and Director of the National Economic Council at the White House, he fretted out loud […]
“Cash Is Coined Freedom”: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire
“Cash Is Coined Freedom”: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire It came from a voice that has, by law, the ear of the German government. Peter Bofinger is a member of the German Council of Economic Experts – the “Five Sages on the Economy” – which in its official […]
China Momentum Indicator Plunges to “Hard Landing” Level
China Momentum Indicator Plunges to “Hard Landing” Level “But nothing is normal in China anymore.” Hard-landing gurus have been predicting an imminent end of the China bubble for years. A “hard landing” would be the optimistic scenario. The other scenario would be a crash-and-burn. But to their greatest frustration, there was no hard landing, or […]
How Soaring Housing Costs Maul the Real Economy
How Soaring Housing Costs Maul the Real Economy How many years would it take first-time homebuyers, earning a median household income, to save enough money for the standard 20% down payment on a median home? Are you sitting down? In many cities an impossibly long time, Lindsay David of LF Economics (and a contributor on WOLF […]
How Insane Is Canada’s Housing Bubble? 42% of “Second-Time” Buyers Need (a lot of) Money from Mom & Dad to Buy a Home
How Insane Is Canada’s Housing Bubble? 42% of “Second-Time” Buyers Need (a lot of) Money from Mom & Dad to Buy a Home A housing bubble is a huge party. Everyone gets drunk and has a good time. The economy booms because housing, particularly construction, is a very local business. It creates local jobs. People […]
Dumping American Junk in Europe, Draghi Asked for it
Dumping American Junk in Europe, Draghi Asked for it This is just the beginning, a new trend that may well turn into the next craze. ECB President Mario Draghi, in his infinite wisdom, asked for it: he’d driven the ECB deposit rate deeper into the negative, to -0.2%, and has promised to buy €60 billion […]
