Historical Archives

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QUOTE OF THE DAY

“It would seem that this is a great crime, of which they are all guilty. How frightened hypocrisy hastens to defend itself, and to get under cover

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Crazy Abenomics Orgy In Japan Is Ending Already – Pounding Hangover Next - Wolf Richter

Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit. The people may not have noticed it because it’s not indicated on their bank and brokerage statements, but 20% of their magnificent wealth has gone up in smoke ...

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The Japanese Feel The Heat From The Big Lie Of Abenomics – Wolf Richter- Testosterone Pit

Inflation without compensation and a consumption tax hike make a very toxic mix.

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The Stock Market

Thomson Reuters (This Week in Earnings, December 6, 2013) notes another New World Record. We are breaking plenty these days. This often foretells a Grand Finale. For the fourth quarter of 2013, 103 companies in the S&P 500 have announced negative earnings revisions.

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