testosteronepit's blog

The powerful engine to pull Europe out of its quagmire? It stalls as sanctions hit. “Disaster of 2008” is evoked, hastily denied.

I’m a beer lover, but that beer-induced smile on my face is about to dry up.

Amazon is Exhibit A of how the Fed’s free money for Wall Street and corporate mastodons is destructive to the rest of the economy.

Then comes the moment when the hot money evaporates.

Don’t let a good crisis go to waste – Vladimir Putin's slogan.

35,000 global M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. The Great M&A Frenzy of 2007/8 ended in the Great Jobs Crisis!

Consumers are “straining against rising prices on daily essentials” and are cutting back on things they want to buy.

The record bank lending binge “not evidence of an economic recovery.” Instead, they’re fretting about the greatest credit bubble in history.

He has “no face, no party,” “never runs for office,” but “governs,” Hollande said about “his true opponent” in 2012. It went viral. Huddled masses began to dream. But that courage fizzled.

The smart money had a goal, which it now reached via the “multiplier effect.”

It wasn’t an edgy blogger but the Office of the Comptroller of the Currency that issued the warning.

What happens when huge, reckless buyers with nearly endless resources cut back after a phenomenal binge? Well, we know what happened in 2008.

Eurozone recessions, unemployment fiascos, toppling banks, crashing auto sales...  didn’t exist, sez the Stoxx 600. But then an ugly thing happened.

Month after month, they came up with new excuses. Now they’ve used up all the good ones, but sales are still tanking.

Even soothsayers and Abenomics spin doctors expected a downdraft after Japan’s consumption tax was jacked up. But not this.