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HomeFinancial Crisis

Financial Crisis

Japan
Finance

Inflation Spikes to 4.0% in Japan, Much Worse than in the US. BOJ Babied its Rate to Just 0.5%, with More Baby Hikes in View

February 20, 2025 Mariel Alumit

The strategy: Let inflation rip to bring the horrible debt-to-GDP ratio down. Households & yield investors pay for it. Turns out, no free lunches after all. By Wolf Richter for WOLF STREET. The “all items” Consumer Price Index […]

Berlin’s Ruling Class Would Rather Put Putin First Than Abandon Net Zero
Climate Crisis

Berlin’s Ruling Class Would Rather Put Putin First Than Abandon Net Zero

February 19, 2025 Mariel Alumit

Berlin’s political elite would appear to see Putin’s armies marching through the Brandenburg Gate then turn their back on the net zero fantasy. The German problem is back with a vengeance. Only this time the […]

Biofuel

Trump’s Tariff Gamble

February 19, 2025 Andy Del Prado

Daily Standup Top Stories Are President Trump’s Tariffs A Good Thing? And how does LNG play into his plan? by Stu Turley Read on Substack Moscow calls for joint Russia-US projects in the Arctic February […]

DOGE
Finance

Musk’s DOGE claims multi-trillion gap in US government spending

February 18, 2025 Mariel Alumit

  Some $4.7 trillion in federal payments remained untraceable, as the Treasury did not enforce a tracking code Elon Musk’s Department of Government Efficiency (DOGE) claims has uncovered a massive gap of nearly $5 trillion in […]

pulp mill
Energy Crisis

Vital pulp mill shuts after EU state disconnects from Russian grid – media

February 18, 2025 Mariel Alumit

Estonian Cell has suspended production after electricity prices hit record highs last week, Delfi has reported Estonia’s largest pulp mill has halted production due to skyrocketing electricity prices after the Baltic nation disconnected from the […]

EU
ENB Pub Note

Trump ejects from the Ukraine joyride, leaving the EU screaming in the backseat

February 14, 2025 Mariel Alumit

ENB Pub Note: This article first appeared on RT, and I agree with much of what is said. The EU needs to take a serious look at how this war started, who has been making […]

Debts
Finance

Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q4 2024

February 13, 2025 Clark Savage

By Wolf Richter for WOLF STREET. The summary could go something like this in terms of the past three years: More workers (employment +7.79 million, or +5.0%, BLS data), earning more money (average hourly earnings +13.4%), boosted total […]

Ukraine
Finance

Trump’s plan for Ukraine would cost EU $3 trillion – Bloomberg

February 13, 2025 Mariel Alumit

Assisting Kiev’s war effort without US support will be a blow to the bloc’s budget, Bloomberg economists have warned The EU is facing extra costs of $3.1 trillion over the next decade if it wants […]

Inflation
Finance

Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy

February 12, 2025 Mariel Alumit

By Wolf Richter for WOLF STREET. Inflation dished out another bad surprise with a big increase in January from December, which wasn’t a surprise because inflation, once it gets going, is known to do that. This time, the […]

DOGE
Finance

Trump orders federal agencies to comply with Musk’s DOGE cuts

February 12, 2025 Mariel Alumit

The billionaire has blasted bureaucracy as an “unelected, unconstitutional fourth branch of government” President Donald Trump has signed an executive order mandating US federal agencies to implement workforce reductions and efficiency measures outlined by the […]

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