China, Japan, other foreign investors, the Fed, US government funds? Nope.
This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
After the uproar about the Equifax hack, Congress did do something. And credit freezes are now a lot easier to place and lift.
They’re settling in urban centers. In many ZIP codes, they’re already the majority. And they spend their money on rent.
Bubbles don’t end well for those who don’t get out in time.
Systematic “Petro-Plunder,” as we’ve come to call it, eats into Mexico’s energy sector.
The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in.
And why was coal left behind?
“Cash retentions” by large companies come under attack in the UK.
“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.”
Defying my dictum that nothing goes to hell in a straight line.
But the cost of shipping surges, no holds barred.
Women weren’t so lucky either. But who got the spoils?
Refinancing activity plunges to the lowest level since 2000.
In 9 charts. Red indicates the moves since the inflection point in June.
With natural diamonds not so hot, De Beers is venturing into man-made diamonds with a price war. Should be fun.
After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.
A distant possibility in early 2018 is making its way to reality.
Prices spike to record. Consumers, struggling with affordability, switch from new to used.
First sign: auto sales suddenly plunged.
Of the seven biggest, six have plunged by 78% to 92%. And there are now nearly 2,000 of them.
A classic lose-lose scenario for taxpayers that’s making the world’s richest even richer.
It’s cyclical: When will the biggest-ever boom end?
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
Here’s my math when this “balance sheet normalization” will end.
It is impossible to overstate the importance of tourism to Spain’s economy.
In terms of Tesla’s survival, this poses a problem.
An entire generation on Wall Street has never seen Treasury yields this high.
Why are these trends so long and so big — both, up and down?
A WOLF STREET reader shares his experience and emotional tension of buying and taking possession of physical gold.