Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Russia, Japan, and the Fed dumped, China hung in there…. But who bought?
This time was supposed to be different.
Banks are curtailing “cash services.” But why?
A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%.
The inflection point was in June. This is how inflection points show up at the subcutaneous level in all housing markets.
But in some jurisdictions, they’re under-fire after a series of sudden corporate collapses.
Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from?
Overcapacity reigns as companies splurge on the largest ships, consolidation rages, no one wants to back off.
Turkish lira in free-fall, down 18% in two days.
Core CPI jumps the most since 2008.
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks.
As “affordability challenges” hit new vehicles, consumers switch to used, prices spike to record, inflation psychology sets in.
Let the good times roll.
“It is a bizarre occurrence and it will not be resolved soon.”
Too little, too late?
CEO goes nuts, spaghetti-code algos & consensually hallucinating humans lap it up.
This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
“Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico itself.
A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
The underlying dynamics are similar, but the approach is different.
But there’s a bottom for everything.
Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.
Mopping up liquidity.
Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets.
Bad habits die hard.