Author: Wolf Richter

This Fed is on a Mission

This Fed is on a Mission by Wolf Richter – Wolf Street 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...

Defense Contractors on Cloud 9

Defense Contractors on Cloud 9 by Wolf Richter – Wolf Street The backdrop: Money. More than ever before.  The Senate is expected to pass by a wide margin a $700-billion defense bill today. When it comes to extravagant military spending,...

The 30 Metros in the US with the Highest and Lowest Incomes

The 30 Metros in the US with the Highest and Lowest Incomes by Wolf Richter – Wolf Street Breath-taking differences in a vast country. The Census Bureau released another data drove today for 2016, based on the American Community Survey....

“You Should Take the Fed at Their Word”

“You Should Take the Fed at Their Word” by Wolf Richter – Wolf Street Flip-flopping killed its credibility. That’s a problem for the markets. “They’re getting more worried about the negative consequences of QE”: Fitch Chief Economist The markets have...

ECB Tightens Noose Around Bank Accounts

ECB Tightens Noose Around Bank Accounts from Wolf Street Locking up the money of unsuspecting depositors to prop up collapsing banks. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The European Central Bank (ECB), arguably the European Union’s most...

The US Cities with the Biggest Housing Bubbles

The US Cities with the Biggest Housing Bubbles by Wolf Richter – Wolf Street This is how monetary policies have crushed the value of labor. For the good folks who hope fervently that the Fed doesn’t have reasons to raise...