Home » Posts tagged 'wolfstreet' (Page 39)
Tag Archives: wolfstreet
LEAKED (Denied then Confirmed): ECB Not Sure If Greek Banks Can Open Monday
LEAKED (Denied then Confirmed): ECB Not Sure If Greek Banks Can Open Monday There seems to be a growing willingness in the Eurozone to get this over with, to let Greece default and go from there – with all the options that this might entail. But even if a last-minute bailout agreement materializes, one thing […]
Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly
Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route: “We are now shipping at an absolute loss. With […]
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis
Manufacturing in Canada Sags, Triggers Chilling References to Financial Crisis It’s also happening in the US, but it’s much worse in Canada. In the US, May industrial production dropped “unexpectedly,” as it was roundly called on Monday, by 0.2%, according to the Federal Reserve. The index value has now dropped from month to month since December, […]
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 […]
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” […]
Monsanto Bites Back
Monsanto Bites Back Monsanto, the U.S. agribusiness giant that controls a quarter of the entire global seed market, could soon be even bigger and more powerful than it already is, following renewed speculation over its interest in Swiss agrichemicals firm Syngenta. The logic behind the deal is clear: Monsanto ranks as the world’s largest purveyor […]
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 […]
