Bankruptcy can only restructure debts; it cannot revive mutilated brands and bring back mauled customers.
How the next housing bust might unfold – the best-case scenario.
Converting them to freighters is a booming business, but overcapacity looms.
“The ECB cannot and should not turn a blind eye to risks to financial stability.”
Some things are just too curious.
This will dog the stock market going forward.
It has finally happened – a line in the sand has been breached.
Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.”
“The global leveraged loan market is larger than – and growing as quickly as – the US subprime mortgage market was in 2006.”
Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks.
“The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
Despite repeated speeches to the contrary.
“101 new listings, 101 price reductions.”
Ironically, after having lamented the flattening yield curve for a year, soothsayers now lament the steepening curve.
Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
It’s not fun anymore.
The economic miracle fueled by foreign-currency debt.
The “up to” begins to matter for the first time.
This is why the trucking business is so cyclical – and you can see it coming.
“But we’re a long way from neutral at this point.”
Because that’s where the money is, on paper. But it’s not where the market is.
Ford drops to 4th place. Industry sales red for 2018. But FCA sales jump.
“Oil and gas companies are becoming energy companies,” said BP’s Bob Dudley. BP even changed the logo.
But wait — these are the Boom Times!
Every housing bubble requires the connivance of the banks and regulators. Australia is no exception.
Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Variable-rate and adjustable-rate mortgages dominate in Canada.
Not a slap on the wrist, but not a summary execution either.
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.