Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.
Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts.
Paying the University-Corporate-Financial Complex and the big bifurcation.
The fastest increase in assets for any two-month period since the post-Lehman freak show in late 2008 and early 2009.
Sales are declining again, after having risen for years. Wholesale prices slip year-over-year for first time in 33 months. But “cars” still dominate “trucks.”
Russian billionaire rues the day he bought it. “We should have been more cautious and done our due diligence better.”
It’s not always in the states with the highest home prices.
Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
It happened. Hallelujah. Or maybe better: Watch Out! Yield Curve Spaghetti.
“I do believe that in North America it is a cyclical downturn”: Cummins COO.
“Sell first, ask questions later.”
Burning cash is easy; It’s quite flammable and just goes up in smoke.
Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
And these are the good times. What happens in a recession?
US barely Cleanest Dirty Shirt among the manufacturing giants.
One of the world’s critical choke points for maritime traffic.
But rents surge in 22 other markets by the double-digits.
Not just exports and manufacturing – but services stall.
The phenomenon works – until it doesn’t. What’s astonishing is how long it works.
The cities that are not among “the most splendid housing bubbles.”
Despite startup millionaires, house & condo prices in SF Bay Area and condo prices in NY City fall from a year ago. Seattle down again. Los Angeles, Las Vegas lose steam. Phoenix, others running hot.
This is a holy-cow moment.
“First-Mover Advantage” in a “Liquidity Mismatch”: How slow-poke investors in conservative-sounding mutual funds can get their faces ripped off.
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
What’s astonishing is how long it lasts.
As separatist region is rocked by violence, businesses sound alarm.
Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities.
However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
Last time prices fell like this was during the Financial Crisis. But now, there is no crisis.