What’s Causing the Subprime Auto Loan Fiasco?
The fate of the A380 is sealed.
Are banks trying to send credit-card-processing fee-gougers Visa, MasterCard et al. the way of Friendster?
Brick-and-Mortar Meltdown for its new shareholders: All of them PE firms.
GM’s Mexico vehicles now are 23% of its US sales. And the Japanese have massively discovered Mexico’s cheap labor.
Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
Consumer exuberance maxed out last summer and has since changed direction.
But then there’s the “average transaction price.”
The hope in early January has been unwound.
“A development that is surprising during a strong economy and labor market”: New York Fed
“Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.”
52% of the homes listed for sale last spring still have not sold. For sellers, “the situation calls for a clear strategy: cut prices.”
The New Battle-to-the-Death in the Auto Industry.
Pent-up demand for high-priced luxury cars in the era of Carmageddon is a tricky thing, especially when tax credits phase out.
Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot.
What could this mean for one of its big creditors, the ECB?
Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list.
Q4 is falling apart before everyone’s astonished eyes, and a “technical recession” beckons.
So that U-turn was fast, even for the legendarily cyclical trucking business.
These workers are a lifeline for Mexico.
Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
During the selloff in Dec., the BOJ shed $31 billion. But in Jan., it piled on.
Is this the Beginning of a Globalized Housing Downturn?
The banking lobby and the ECB will have a cow.
“I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
“Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. So far, so good.
Unwinding years of price gains as homebuilders try to make deals.
“Dripping down, down, down. Frustrating that the housing market is not recovering”: National Association of Realtors