Record moneys suddenly pile into the material that debt crises are made of.
It all began when Slovenian Police, acting on an insider tip, raided the headquarters of the central bank and a state-owned bank. €257 million in bank bailout money is alleged to have disappeared. How much money could be made to disappear in Italy’s bank bailout?
“The only word to describe the Dallas housing market is ‘frenzy.’”
A nasty quarter at the epicenter of the Great American Oil Bust.
Years of painfully slow growth slashed in one fell swoop!
New Opportunities for “America’s Most Corrupt Bank.”
Commercial real estate in Calgary, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate.
Microsoft shows the way.
The Noose Tightens one by one.
For them, asset bubbles just aren’t helpful. On the contrary.
And Russia is not the only nation going this route.
Shaky banks doubled down on Emerging Market bets that are now souring.
I can already hear the sloshing sounds of money.
But don’t just blame Brexit.
It just doesn’t let up with these banks….
More Pain, But No Gain in Store.
A scheme we call “consensual hallucination.”
The sector is booming, but it’s a costly boom.
So are they going to spend less?
Forget the Recovery and “Rebalancing” Hype.
California Policy Center published an interesting study – interesting in all kinds of ways, including its outline of the doom-and-gloom future of state and local pension plans if stocks turn down sharply, preceded by its prediction that stocks will turn down sharply as valuations are totally unsustainable.
Consumer rights v. broke banks: guess who just lost.
We just had a propitious day in our negative-yield pandemic.
Global banks in search of a “New London” after Brexit.
How much worse is 2016 than 2015?
It has already started…
Unlike stocks, a housing bubble can only go so far.
A galling read by the US House of Representatives on its 3-year investigation.
What China said the G-20 projected at the Shanghai meeting.
French and German banks.