Turkish Financial Crisis Hammers Home Sales & Mortgages by Don Quijones • Jun 21, 2019 • 17 Comments Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
Cesspool of Corruption Odebrecht Files for Bankruptcy, Largest Ever in Latin American History by Don Quijones • Jun 18, 2019 • 21 Comments The Brazilian conglomerate’s rot was revealed by Operation Car Wash, leading to imprisonment of political and business figures across Latin America.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
UK Government Blew Billions on “Help to Buy” Scheme that Enriched Home Builders and Drove Up Home Prices. Taxpayers on the Hook When Prices Sink, New Report Warns by Don Quijones • Jun 13, 2019 • 17 Comments But it helped high-income people buy homes.
About this Biggest Plunge Since 2002 in Manufacturing in the UK by Don Quijones • Jun 11, 2019 • 30 Comments It was a doozie, but it shouldn’t have come as a surprise. Here’s why.
Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk by Don Quijones • Jun 7, 2019 • 25 Comments President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”
Another UK Outsourcing Giant Teeters, Collapsed Shares Add to Woes of Woodford Fund that Just Froze Withdrawals by Don Quijones • Jun 5, 2019 • 35 Comments Kier shares are one of the biggest holdings of Woodford Equity Income fund.
“Largest Foreign Bribery Case in History” Claims New Scalp: Former Pemex CEO by Don Quijones • May 30, 2019 • 21 Comments His lawyer suggests if the price is too high, he may be willing to take his friend, former president of Mexico, down with him.
Italian Banks Are At It Again, Shares Re-Crushed by Don Quijones • May 29, 2019 • 17 Comments What to do with those messy banks ignites further tensions.
Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China by Don Quijones • May 21, 2019 • 22 Comments China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.
