Author: Wolf Richter

Crude Oil Markets Smell a Rat

“It will be hard to find investors that are willing to go long.” “The worst is over.” That has been the meme in the oil business in the second quarter. Folks in Houston’s and Calgary’s office sector, companies that supply...

Is the ECB out of Control?

Is the ECB out of Control?

by Don Quijones How much money could be made to disappear in Italy’s bank bailout? It all began with an early morning police raid. On July 6, Slovenian Police, acting on an insider tip, stormed the headquarters of the country’s central...

Crime Pays Royally – LEAKED: UBS, other Banks “Scrutinized” by Singapore over Money Laundering in 1MDB Scandal

Crime Pays Royally – LEAKED: UBS, other Banks “Scrutinized” by Singapore over Money Laundering in 1MDB Scandal

It just doesn’t let up with these banks…. “Three people with knowledge of the matter” told Reuters that Singapore’s central bank, the Monetary Authority of Singapore (MAS), is “scrutinizing,” as Reuters put it, several banks over suspicions that they broke anti-money-laundering rules...

Who’re the US Consumers Hit by Brexit, Global “Uncertainty”?

So are they going to spend less? These are the American Consumers Hit by Brexit, Global “Uncertainty” Hurt Feelings of High-Income American Consumers American consumers, who are supposed to keep the economy afloat, are getting antsy. But this time, it’s not the...