Sudden Financial Meltdown is “less likely.”
Home prices are “weighing on affordability and constraining sales.”
Organized criminals from Russia are subletting apartments to tourists, as locals struggle with soaring rents.
The collapse of brick-and-mortar retail becomes a real-estate question.
“The debt needs to blow up. It needs to go way. There is too much debt, globally.” Wolf Richter on the X22 Report.
This is how desperate the Italian Banking Crisis has become.
Brick & Mortar Meltdown reaches “Crown Jewel in American retailing.”
ECB Shuts Down Veneto Banca and Banca Popolare di Vicenza.
Projected losses at the top 34 banks in a “severely adverse scenario.”
Even the “elite” is not totally on board.
Goes Bankrupt. Lays Off 2,900 People. Shareholders rue the day.
QE-Unwind may start in September.
You’d think Amazon’s surging sales would be a boost for UPS. But no.
New CEO Cuts Costs: Ford shifts production of compact car from Michigan and Mexico to China.
The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.
What have central banks wrought?
Oh my, how things have changed since late last year.
Here’s something Wal-Mart could do to Amazon, just to be nasty.
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
Wolf Richter Talks Shop: “Carmageddon” and tips on buying a car.
Commercial and residential real estate bubbles choke the economy. The upper bounds of hype and craziness have been reached.
At first, deny, deny, deny. Then taxpayers get to bail out the bondholders.
Shares of Wal-Mart, Kroger, Costco, Target get crushed. Whole Foods soars.
She did her homework. And consumers got a temporary gift.
The death of fundamental analysis.
Fed lays out plan to unwind QE by $600 billion a year. Markets shrug. But “Painful sell-offs eventually materialize…”
The death spiral of the department store.
Same top firm that represents Target Canada in its insolvency proceedings.
Subprime Auto-Loan Backed Securities from 2015 on track to be Worst Ever.
Aldi’s $5 billion bet at a brutal time.