“Financial Stress” in the Credit Markets v. the 2-Year Yield by Wolf Richter • Apr 20, 2018 • 7 Comments The two-year yield, now surging, is a leading indicator.
Did the Bankruptcy of Detroit & Stockton Hurt their Economy? by Bill Bergman • Apr 20, 2018 • 6 Comments Compared to Chicago, which is traipsing that way.
Now Even a Fed Dove Homes in on the “Everything Bubble” by Wolf Richter • Apr 19, 2018 • 83 Comments Bonds, junk bonds, spreads, commercial real estate, leveraged loans, over-leveraged companies… all get named as risks to the banks. This is why “gradual” tightening will continue for a long time.
Congrats! Canadians Just Set a New Record for Borrowing Against their Homes by Daniel Wong • Apr 19, 2018 • 18 Comments Canadians’ personal debt again their homes tapering? That would be ridiculous!
EU Moves to Protect Financial System from Failing Banks by Don Quijones • Apr 19, 2018 • 29 Comments Too Little, Too Late?
Another Big Retailer Gets Liquidated by Wolf Richter • Apr 18, 2018 • 53 Comments Retailers in bankruptcy are notoriously hard to restructure.
Canada Home Prices Fall from Year Ago for First Time since 2009 by Steve Saretsky • Apr 18, 2018 • 25 Comments The magnificent house price bubble wheezes.
Junk Bond Market Still in Total Denial, Fighting the Fed by Wolf Richter • Apr 18, 2018 • 49 Comments Happily dreaming in La-la-land till the rude awakening.
Nearly One-Third of U.S. Lottery Winners Declare Bankruptcy by Safehaven • Apr 17, 2018 • 81 Comments “I wish I’d torn that ticket up.”
US-China Trade-War Threats Rattle Germany AG by Wolf Richter • Apr 17, 2018 • 15 Comments Unlike the New York Fed yesterday, ZEW named names and pointed fingers.
US Freight Expenditures Surge 15.6% from Year Ago by Wolf Richter • Apr 16, 2018 • 33 Comments Trucking, rail freight volume and rates surge, “pricing power has erupted.”
Optimism of Manufacturers “Plunged” the Most Ever: NY Fed by Wolf Richter • Apr 16, 2018 • 51 Comments Corporate America fears that a Trade War would hit supply chains in China.
Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged? by Wolf Richter • Apr 15, 2018 • 54 Comments Well, they do pay higher rates, but not to their own clients.
Is the “Petro-Yuan” a Credible Challenge to Dollar Supremacy? by Wolf Richter • Apr 15, 2018 • 44 Comments Wolf Richter with Jim Goddard on “This Week in Money.”
Our Dental Insurance Sent us “Free” Internet-Connected Toothbrushes. And this is What Happened Next by Wolf Richter • Apr 14, 2018 • 144 Comments When the product is “free,” WE are the product.
More Carmageddon at GM, Cuts Shift in Ohio, 1,500 Layoffs, as Cruze Sales Plunge. Production in Mexico Started in 2015 by Wolf Richter • Apr 13, 2018 • 62 Comments It already cut the third shift in 2017. Now it cut the second shift. Carmageddon but not Truckmageddon.
As Malls Get Crushed, Commercial Real Estate Prices Fall to Lowest in Nearly Two Years by Wolf Richter • Apr 13, 2018 • 31 Comments Leverage is why the Fed has been worried about the price bubble in CRE.
Google Saves Manhattan Office Market. Chinese Buyers Vanish by Wolf Richter • Apr 12, 2018 • 34 Comments One mega-deal at a mega price. The rest was dreary.
US Government Spending May Exceed 60% of GDP by Peter Diekmeyer • Apr 12, 2018 • 49 Comments Half of US federal spending is unrecorded.
How Much Longer Can Pemex Hang On? by Don Quijones • Apr 12, 2018 • 32 Comments It lost $18 billion in Q4 on declining revenues and production, has $102 billion in debt, and now its world is changing.
Fed Warns Markets: Don’t Get Spooked about Coming Spike in PCE Inflation by Wolf Richter • Apr 11, 2018 • 49 Comments Inflation day didn’t disappoint. “Underlying Inflation” hottest since July 2006.
How Much Are Banks Exposed to Subprime? More than we Think by Wolf Richter • Apr 11, 2018 • 49 Comments Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
Construction Giants in Spain Panic over Prospect of Losing one of their Biggest Rackets by Don Quijones • Apr 11, 2018 • 12 Comments Government gets ready to cave.
The “Everything Bubble” & “Bubble Mentality,” Risks & Leverage, the Fed’s Response, Tesla, Netflix, LIBOR, and How it Might End by Wolf Richter • Apr 10, 2018 • 40 Comments Wolf Richter with Chris Martenson on Peak Prosperity’s Featured Voices.
Defaults of Retailers Hit “All-Time High” in Q1: Moody’s by Wolf Richter • Apr 10, 2018 • 29 Comments Brick-and-Mortar Meltdown sets record. And Q2 starts out on the right foot.
Government of Canada Just Pointed Out Mortgage Market Might Be a Cesspool by Stephen Punwasi • Apr 10, 2018 • 16 Comments Big Six Banks’ out-of-control “Mobile Mortgage Specialists” on commission.
Retail Investor Bullishness Bites Dust after Huge Trump Spike by Wolf Richter • Apr 9, 2018 • 26 Comments A 39% plunge in three months. But it was spectacular while it lasted.
Chap. 11 Bankruptcies Spike 63% from Year Ago by Wolf Richter • Apr 9, 2018 • 30 Comments Highest level since April 2011. Not just the Brick & Mortar Meltdown anymore.
After a String of Corporate Scandals & Collapses, “Big Four” Accounting Giants Face Breakup in the UK by Don Quijones • Apr 9, 2018 • 19 Comments UK regulators may be on the verge of doing something right, but doubts remain over how genuine their stated intentions are.
Subprime Carmageddon: Specialized Lenders Begin to Collapse by Wolf Richter • Apr 8, 2018 • 76 Comments Worst delinquency rates this century.
