Debt-Wracked Chinese Companies Dump US & Other Foreign Assets, Become Net Sellers Overseas for First Time

by Wolf Richter • Sep 17, 2019 • 27 Comments

Another piece in the Chinese capital-flow puzzle.

Drama in the Oil Markets, But This Isn’t 2007 Anymore

by Wolf Richter • Sep 16, 2019 • 149 Comments

How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.

How Currency Controls Affect Doing Businesses in Argentina

by Bianca Fernet • Sep 16, 2019 • 30 Comments

Face it: Argentina is out of money.

THE WOLF STREET REPORT: Snapback Bloodletting in the Overripe Bond Market

by Wolf Richter • Sep 15, 2019 • 60 Comments

The 10-year Treasury yield rips. Unstoppable negative yields become stoppable.

Light at End of Tunnel or Oncoming Train for the Goods-Based Economy?

by Wolf Richter • Sep 15, 2019 • 53 Comments

What US Freight Shipments and Pricing Say About the Slowdown.

The Unemployed Shadow Labor Force

by Wolf Richter • Sep 14, 2019 • 89 Comments

“Does Everyone Who Wants a Job Have a Job?”

WeWork IPO, the Straw that Breaks the Stock Market’s Back? Valuation Plunged by up to 79%

by Wolf Richter • Sep 13, 2019 • 145 Comments

“They’re Going to Screw Up the Market”: Jim Cramer, on the moment-of-truth effects of the WeWork IPO.

Who’ll Rescue Thomas Cook, the Collapsing Vacation-Travel-Airline Giant with 21,000 Employees?

by Nick Corbishley • Sep 13, 2019 • 42 Comments

Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?

Palace Revolt at the ECB, Legitimacy of Policy out the Window

by Wolf Richter • Sep 12, 2019 • 157 Comments

Draghi’s desperate shenanigans thicken.

“Core” Inflation Rises Most Since Sep 2008, Powered by Services and Now Even the Peculiar Case of Durable Goods

by Wolf Richter • Sep 12, 2019 • 73 Comments

What would the Fed do if economic factors were all it looked at?

What to Do About the Student-Loan Fiasco: Is “Debt Forgiveness” Really the Answer?

by Wolf Richter • Sep 11, 2019 • 149 Comments

The University-Corporate-Financial Complex is going to squeal.

Why Argentina Will Never Dollarize

by Bianca Fernet • Sep 11, 2019 • 42 Comments

If Argentina possessed the dedication to logic and collective will to do something so drastic, they would not be in this predicament in the first place.

Men’s “Real” Earnings Below 1973 Level: Census Bureau

by Wolf Richter • Sep 10, 2019 • 186 Comments

Top 20% households made out like bandits, bottom 40% got crushed.

Used-Car Market Profits from Carmageddon. For Many Americans, New Cars Cost Too Much

by Wolf Richter • Sep 10, 2019 • 100 Comments

August wholesale auction price index hits record after longest series of year-over-year price gains since 2001.

Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 billion

by Wolf Richter • Sep 9, 2019 • 148 Comments

Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look.