Spreading the truth. Empowering the people.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I wish I could have sat in that meeting, watching the bewildered faces of Fed officials as they got hourly updates on repo rates blowing out. … Read more
The University-Corporate-Financial Complex is going to squeal. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: OK, I’m going to wade into this debate. And I’m going … Read more
The University-Corporate-Financial Complex is going to squeal.
The curse of pushing volume by selling tickets below cost became an even bigger curse with the peso massacre. By MC01, a frequent commenter on WOLF STREET: On 27 December 2016, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Auto-loan defaults have reached the sky-high rates of the Financial Crisis but are transpiring in the strongest labor market in years. This raises some big issues. … Read more
via Matt Taibbi On February 15, 2016, the National Review took unprecedented action. In an all-out plea to Republican voters to stop Donald Trump before it was too late, the magazine enlisted 22 of the … Read more
Who will bail out the governments when they begin to fail? Global debt has expanded beyond belief as central banks expand their balance sheets to make up for lack of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But … Read more
by Ron Paul of Ron Paul Institute Last week President Trump announced that the United States would no longer recognize Nicholas Maduro as president of Venezuela and would recognize the head of its … Read more
Countless people are on the brink of bankruptcy. Most don’t even realize it. Bills are getting paid. Credit cards still have some balance remaining. Everything is just fine, right? Not … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What SpaceX is trying to do has “bankrupted other organizations,” it said. SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of … Read more
by axolotl_peyotl Chances are, most people who rely on mainstream news media for information probably do not know any or much of what follows here. This article is a devastating … Read more
by SP The best way to rob a bank is to own one. Stabu’s description sounds like William Black tells of the S&L crisis. 1. Make loans to people who … Read more
Look in the US. Look in the EU. Debt everywhere. Somehow we don’t have to worry about this though? Sounds weird. It’s constantly causing a crisis, so it will invariably … Read more
After much lobbying, guidelines for banks become “non-binding expectations,” says the ECB. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Banks in Europe have won yet another key regulatory … Read more
Do you see CASH ADVANCE/PAYDAY LOAN companies websites, advertisements, and retail stores? Has there been an increase in the past 10 years? The average household has accumulated excessive amounts … Read more