This Fed is on a Mission by Wolf Richter • Sep 20, 2017 • 24 Comments QE Unwind starts Oct. 1. Next rate hike in Dec. Low inflation, no problem.
Answers Emerge from Harvey-Hit Houston by Wolf Richter • Sep 20, 2017 • 18 Comments Even before Hurricane Harvey, Houston’s economy was struggling.
Beware – the Equifax Scams Are Coming by Wolf Richter • Sep 19, 2017 • 29 Comments Here are some of the scams – and how to protect yourself.
Who Gets Hit by Mortgage Losses in Harvey and Irma Areas? by Wolf Richter • Sep 19, 2017 • 57 Comments “We need to ask for a policy change; the burden with these losses is too big.”
Toys ‘R’ Us Melts Down, Files for Bankruptcy, Bonds Collapse by Wolf Richter • Sep 18, 2017 • 70 Comments Another retailer owned by private equity firms goes bust.
Defense Contractors on Cloud 9 by Wolf Richter • Sep 18, 2017 • 97 Comments The backdrop: Money. More than ever before.
Lawsuits Against Equifax Pile Up. But Where Are the Handcuffs? by Wolf Richter • Sep 17, 2017 • 57 Comments Short seller Carson Block victimized by Equifax hack, sues for $500,000.
Holy Moly, Now Wells Fargo Recommends a Credit Freeze in Equifax Hack by Wolf Richter • Sep 17, 2017 • 71 Comments Third largest US bank reaches out to its customers. A mass Credit Freeze would have a huge impact.
Catalonia’s Defiance of Spanish Authority Turns into Rebellion by Don Quijones • Sep 16, 2017 • 48 Comments “Do not underestimate the power of Spanish democracy.”
Equifax Sacks 2 Executives, Turns Devious to Stop You from Demanding a Credit Freeze by Wolf Richter • Sep 15, 2017 • 168 Comments They’re terrified a mass credit freeze (aka security freeze) will crush revenues.
What Headlines Got Wrong about Today’s Data Dump by Wolf Richter • Sep 15, 2017 • 48 Comments It actually wasn’t that lousy.
The 30 Metros in the US with the Highest and Lowest Incomes by Wolf Richter • Sep 14, 2017 • 56 Comments Breath-taking differences in a vast country.
The Chilling Fact “Record Median Household Income” is Hiding by Wolf Richter • Sep 14, 2017 • 68 Comments Which Households Got the Spoils? Not Many. Or Why Consumer Spending Has Been Dragging for Years.
The Crushing of Equifax by Wolf Richter • Sep 13, 2017 • 115 Comments Banks, credit card companies, and other Equifax customers squeal. Consumers (the product) squeal. Congress squeals. Investors squeal.
“You Should Take the Fed at Their Word” by Wolf Richter • Sep 13, 2017 • 73 Comments Flip-flopping killed its credibility. And that’ll be a problem for the markets.
Can You Really “Shut Down” a Nuclear Power Plant before a Hurricane? by Leonard Hyman and Willian Tilles • Sep 13, 2017 • 92 Comments Soothing words before the storm: “Our nuclear plants are now shut down.”
The Terrible Facts about Real Earnings of Men by Wolf Richter • Sep 12, 2017 • 124 Comments The annual income data from the Census Bureau is here. Men, sit down.
Investors Fret as Catalonia’s Independence Turmoil Seethes by Don Quijones • Sep 12, 2017 • 26 Comments The closer the referendum, the more draconian Spain’s response.
The Startling Thing the CEO of Restoration Hardware Said about Online Ad Spending by Tyler Durden • Sep 11, 2017 • 76 Comments One of the most lucrative sectors in Silicon Valley is at risk.
Shares of the Swiss National Bank Soar 64% in Two Months by Wolf Richter • Sep 11, 2017 • 28 Comments What the heck is going on?
So Where Does the Money Go that Mexico Borrows? by Don Quijones • Sep 11, 2017 • 16 Comments Answers emerge. Including offshore private accounts.
Finally the Contrarian Warning from Small Investors by Wolf Richter • Sep 10, 2017 • 99 Comments They did the same in January 2000 just before the dot.com crash.
The Next Spanish Bank Teeters, at Worst Possible Time by Don Quijones • Sep 10, 2017 • 41 Comments It just doesn’t let up with these banks.
Harvey Hits Chain Restaurants – But Not Just Harvey by Wolf Richter • Sep 9, 2017 • 41 Comments Worst downturn in foot traffic and same-store sales since 2009.
Logical and Illogical Reasons to Short Tesla by Martin Tiller • Sep 8, 2017 • 54 Comments “Knowing that something could be bad for you is not always a barrier when temptation rears its head.”
Brick & Mortar Meltdown: Bon-Ton Department Stores Hires Bankruptcy Advisor by Wolf Richter • Sep 8, 2017 • 49 Comments Vitamin World to file for bankruptcy, Perfumania Holdings just filed. And Toys R Us… All in just two weeks.
Worst US Consumer Data Hack Ever? Equifax Confesses by Wolf Richter • Sep 7, 2017 • 165 Comments Your data was likely stolen. Here’s what you can do to protect yourself even after the hack, and Equifax doesn’t want you to do it.
Global Stock Prices Fueled by Ugly Earnings by Wolf Richter • Sep 7, 2017 • 43 Comments Hype works, until it doesn’t.
Brick & Mortar Meltdown: Toys R Us Hires Bankruptcy Law Firm by Wolf Richter • Sep 6, 2017 • 85 Comments Private equity firms did it again.
Toronto Home Price Bubble Descends into Bear Market by Wolf Richter • Sep 6, 2017 • 98 Comments With surprise rate hike, Bank of Canada turns against housing market.
