Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up by Wolf Richter • Jul 16, 2019 • 8 Comments Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.
“Transportation Recession” Gets Uglier by Wolf Richter • Jul 15, 2019 • 37 Comments US freight shipments fall for 7th month in a row. After the boom, the bust.
Fracking in California is About to Get a Lot More Difficult by Nick Cunningham • Jul 15, 2019 • 32 Comments Governor Newsom, six months on the job, finds out what’s actually going on.
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 22 Comments Just when European banks need to inspire confidence more than ever.
THE WOLF STREET REPORT: The Victims of Inflation by Wolf Richter • Jul 14, 2019 • 93 Comments Beatings will continue until the mood improves, or something.
My Advice to the Fed on “Low Inflation”: Use a Different Index for Crying Out Loud and Tell the BLS to be Less Aggressive with “Hedonic Quality Adjustments” by Wolf Richter • Jul 13, 2019 • 111 Comments The Fed could instantly claim victory and pocket the kudos.
“Where the American Dream Goes to Die”: Changes in House Prices, Rents, and Incomes since 1960 by Region & Metro by Wolf Richter • Jul 12, 2019 • 155 Comments How out-of-whack is the discrepancy in growth between incomes, rents, and house prices?
Liquidity Crisis at Woodford Equity Fund Is Symptomatic of Systemic Problem, Bank of England Warns by Nick Corbishley • Jul 12, 2019 • 29 Comments $30 trillion of assets globally are held by similar open-ended funds.
China Auto Sales Spiral Down, But This Time It’s Different: Government Refuses to Bail Them Out with Big-Fat Incentives by Wolf Richter • Jul 11, 2019 • 80 Comments Here’s why. The strategy is a game changer with global impact.
With all this Money Printing, Where’s the Huge Inflation? by Wolf Richter • Jul 11, 2019 • 113 Comments Oh, it’s here alright. But we’re a little squeamish about calling it out.
Vehicle Sales Plunge amid India’s Shadow-Bank Debt Crisis & Contagion Fears by Wolf Richter • Jul 10, 2019 • 35 Comments Shadow banks provided 40% of new loans for vehicle purchases in India. “Probably the most prolonged de-growth phase we have seen.”
What My Fancy-Schmancy “Fed Hawk-o-Meter” Says About the Fed’s Next Rate Move by Wolf Richter • Jul 10, 2019 • 68 Comments Folks lining up on both sides of the fence.
In Escalation of Trade War With Switzerland, EU Risks Balkanizing Europe’s Financial Markets by Nick Corbishley • Jul 10, 2019 • 34 Comments “Weaponizing” Europe’s financial services, with an eye on the UK after Brexit?
Negative-Yielding Junk Bonds Have Arrived in Europe by Wolf Richter • Jul 9, 2019 • 89 Comments NIRP is systematically rotting out basic brain functionality.
Truck Makers Are Going to Have to Fess Up Soon by Wolf Richter • Jul 9, 2019 • 17 Comments “Orders” of Heavy Trucks Collapsed by 70% but “Sales” Rose to Highest Level Since 2006: There’s a Lag. And Sales Are Next
Update on the Worsening Housing Bust in Vancouver, Canada: Spring Hopes Got Crushed by Wolf Richter • Jul 8, 2019 • 63 Comments But it’s curing a housing crisis where middle-class households are priced out of a market, inflated by rampant international speculation and large-scale money laundering, says BC’s Finance Minister.
Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund by Nick Corbishley • Jul 8, 2019 • 31 Comments Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
THE WOLF STREET REPORT: After All This Money Printing, Where’s the Huge Inflation? by Wolf Richter • Jul 7, 2019 • 113 Comments Oh, it’s here alright.
Boeing, Airbus and Airline Overcapacity in Asia & Europe by MC01 • Jul 7, 2019 • 63 Comments And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show.
Fed Sheds $38 Billion in Treasuries and MBS in June, Dumps MBS at Record Pace, Exceeding “Cap” for First Time by Wolf Richter • Jul 6, 2019 • 93 Comments Where is the Fed’s “U-Turn” that Wall Street promised us?
UK Auto Sales Drop to Five-Year Low in First Half by Nick Corbishley • Jul 5, 2019 • 29 Comments Driven by Diesel Death-Spiral, “decline in buyer confidence,” plunging sales of plug-in hybrids. But EV sales soar.
I Just Hope the Fed Doesn’t See This Jobs Report by Wolf Richter • Jul 5, 2019 • 71 Comments Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled.
When the Music of the “Wealth Effect” Stops by Wolf Richter • Jul 4, 2019 • 90 Comments The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
New-Vehicle Sales Fall to 1999 Levels: How to Grow Revenues After 20 Years of Stagnation (Yup, You Guessed It) by Wolf Richter • Jul 3, 2019 • 67 Comments Carmageddon for cars. But big equipment is hot and gets pricier.
Trucking is Infamously Cyclical, But This is a Tad Extreme by Wolf Richter • Jul 2, 2019 • 27 Comments After truck manufacturers eat up their backlogs, then what?
Bank of Japan Stealth-Tapers Further by Wolf Richter • Jul 2, 2019 • 48 Comments Bank stocks crushed by negative interest rates, broader market goes nowhere in 4 years despite BOJ’s equity purchases.
Apartment Rents Fall in Seattle, Southern California, New York, Oakland, San Jose, Chicago, Honolulu by Wolf Richter • Jul 1, 2019 • 66 Comments But 8 markets show double-digit increases.
And the US Dollar’s Status as Global Reserve Currency? by Wolf Richter • Jul 1, 2019 • 72 Comments Apocalypse not now.
THE WOLF STREET REPORT: When the Music of the “Wealth Effect” Stops by Wolf Richter • Jun 30, 2019 • 44 Comments OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
Why Investors Call any Business Dominated by a Tech Giant the “Kill Zone” by Electronic Frontier Foundation • Jun 30, 2019 • 66 Comments “Felony Contempt of Business Model”: Lexmark’s Anti-Competitive Legacy.
