Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months? by Wolf Richter • Sep 18, 2018 • 8 Comments China, Japan, other foreign investors, the Fed, US government funds? Nope.
Just How Wildly Exuberant is the Junk-Credit Market? by Wolf Richter • Sep 18, 2018 • 18 Comments This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
As of Sep 21, “Credit Freezes” & “Unfreezes” Will Be Free for All Americans by Wolf Richter • Sep 18, 2018 • 23 Comments After the uproar about the Equifax hack, Congress did do something. And credit freezes are now a lot easier to place and lift.
How Millennials Are Shifting the Housing Market by Wolf Richter • Sep 17, 2018 • 96 Comments They’re settling in urban centers. In many ZIP codes, they’re already the majority. And they spend their money on rent.
Meanwhile in China, Implosion of Stock-Market Double-Bubble by Wolf Richter • Sep 17, 2018 • 44 Comments Bubbles don’t end well for those who don’t get out in time.
Gangs of Oil Thieves Expand Their Business Model by Don Quijones • Sep 17, 2018 • 12 Comments Systematic “Petro-Plunder,” as we’ve come to call it, eats into Mexico’s energy sector.
What Can Cause the Next Mortgage Crisis in the US? by Wolf Richter • Sep 16, 2018 • 95 Comments The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in.
Why Have US Electricity Sales Surged in 2018, after Stagnating for Years? by Leonard Hyman and Willian Tilles • Sep 15, 2018 • 53 Comments And why was coal left behind?
Collapse of Outsourcing Giant Carillion May Have Silver Lining by Don Quijones • Sep 15, 2018 • 21 Comments “Cash retentions” by large companies come under attack in the UK.
My “Free” Advice for Sears Holding CEO Eddie Lampert by Wolf Richter • Sep 14, 2018 • 102 Comments “Don’t write any more blog posts to blame pensioners for the collapse of Sears Holding after you wasted $5.8 billion on share buybacks.”
Dead Meat Walking: Sears Revenue & Store Count to Hit Zero by 2020 by Wolf Richter • Sep 13, 2018 • 54 Comments Defying my dictum that nothing goes to hell in a straight line.
What Truckers & Railroads Said About the Economy: Blistering Demand is Backing Off, Cyclicality Lives by Wolf Richter • Sep 13, 2018 • 15 Comments But the cost of shipping surges, no holds barred.
Census Bureau Reveals Grim Facts about Real Earnings of Men by Wolf Richter • Sep 12, 2018 • 133 Comments Women weren’t so lucky either. But who got the spoils?
What Will These Mortgage Rates Do to Homeowners Trying to Refinance, Homebuyers, and Mortgage Lenders? by Wolf Richter • Sep 12, 2018 • 50 Comments Refinancing activity plunges to the lowest level since 2000.
Anatomy of a Housing-Bubble Inflection Point in the Bay Area’s Sonoma County by Wolf Richter • Sep 11, 2018 • 70 Comments In 9 charts. Red indicates the moves since the inflection point in June.
Diamonds May be Forever, High Prices Are Not by Safehaven • Sep 11, 2018 • 49 Comments With natural diamonds not so hot, De Beers is venturing into man-made diamonds with a price war. Should be fun.
Turkey, Argentina, Other Emerging Markets Hit BBVA by Don Quijones • Sep 11, 2018 • 24 Comments After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.
Markets Increasingly Sure: 4 Rate Hikes in 2018 by Wolf Richter • Sep 10, 2018 • 40 Comments A distant possibility in early 2018 is making its way to reality.
What’s Going On in the Used Car & Truck Market? by Wolf Richter • Sep 10, 2018 • 12 Comments Prices spike to record. Consumers, struggling with affordability, switch from new to used.
Implosion of China’s P2P Lending Boom Hits Consumer Spending by Wolf Richter • Sep 9, 2018 • 58 Comments First sign: auto sales suddenly plunged.
Crypto-Mania Collapse Update: $638 Billion Gone by Wolf Richter • Sep 9, 2018 Of the seven biggest, six have plunged by 78% to 92%. And there are now nearly 2,000 of them.
What to Do with $13-Bn Airport Project Steeped in Corruption & Cost Overruns? Reality Check for Mexico’s President-Elect by Don Quijones • Sep 8, 2018 A classic lose-lose scenario for taxpayers that’s making the world’s richest even richer.
What the US Heavy-Truck Market is Saying by Wolf Richter • Sep 7, 2018 It’s cyclical: When will the biggest-ever boom end?
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK by Don Quijones • Sep 7, 2018 The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB
The Fed’s QE Unwind Hits $250 Billion by Wolf Richter • Sep 6, 2018 Here’s my math when this “balance sheet normalization” will end.
Be Careful What You Wish For: Weak Mass-Tourism Threatens Spain’s Five-Year Economic Recovery by Don Quijones • Sep 6, 2018 It is impossible to overstate the importance of tourism to Spain’s economy.
As Musk Goes Nuts Publicly, Tesla Bondholders Get Antsy by Wolf Richter • Sep 5, 2018 In terms of Tesla’s survival, this poses a problem.
These “Gradual” Rate Hikes Start to Add Up: US Treasury Yields up to Three Years Hit 10-Year Highs by Wolf Richter • Sep 5, 2018 An entire generation on Wall Street has never seen Treasury yields this high.
My Theory about Gold and Silver for Long-Term Investors by Wolf Richter • Sep 4, 2018 Why are these trends so long and so big — both, up and down?
The Experience of Actually Buying Physical Gold by WOLF STREET Reader • Sep 4, 2018 A WOLF STREET reader shares his experience and emotional tension of buying and taking possession of physical gold.
