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Favorite Reads

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Zero Hedge
 

Google Saves Manhattan Office Market. Chinese Buyers Vanish

by Wolf Richter • Apr 12, 2018 • 6 Comments

One mega-deal at a mega price. The rest was dreary.

US Government Spending May Exceed 60% of GDP

by Peter Diekmeyer • Apr 12, 2018 • 13 Comments

Half of US federal spending is unrecorded.

How Much Longer Can Pemex Hang On?

by Don Quijones • Apr 12, 2018 • 13 Comments

It lost $18 billion in Q4 on declining revenues and production, has $102 billion in debt, and now its world is changing.

Fed Warns Markets: Don’t Get Spooked about Coming Spike in PCE Inflation

by Wolf Richter • Apr 11, 2018 • 40 Comments

Inflation day didn’t disappoint. “Underlying Inflation” hottest since July 2006.

How Much Are Banks Exposed to Subprime? More than we Think

by Wolf Richter • Apr 11, 2018 • 41 Comments

Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.

Construction Giants in Spain Panic over Prospect of Losing one of their Biggest Rackets

by Don Quijones • Apr 11, 2018 • 9 Comments

Government gets ready to cave.

The “Everything Bubble” & “Bubble Mentality,” Risks & Leverage, the Fed’s Response, Tesla, Netflix, LIBOR, and How it Might End

by Wolf Richter • Apr 10, 2018 • 40 Comments

Wolf Richter with Chris Martenson on Peak Prosperity’s Featured Voices.

Defaults of Retailers Hit “All-Time High” in Q1: Moody’s

by Wolf Richter • Apr 10, 2018 • 27 Comments

Brick-and-Mortar Meltdown sets record. And Q2 starts out on the right foot.

Government of Canada Just Pointed Out Mortgage Market Might Be a Cesspool

by Stephen Punwasi • Apr 10, 2018 • 16 Comments

Big Six Banks’ out-of-control “Mobile Mortgage Specialists” on commission.

Retail Investor Bullishness Bites Dust after Huge Trump Spike

by Wolf Richter • Apr 9, 2018 • 26 Comments

A 39% plunge in three months. But it was spectacular while it lasted.

Chap. 11 Bankruptcies Spike 63% from Year Ago

by Wolf Richter • Apr 9, 2018 • 28 Comments

Highest level since April 2011. Not just the Brick & Mortar Meltdown anymore.

After a String of Corporate Scandals & Collapses, “Big Four” Accounting Giants Face Breakup in the UK

by Don Quijones • Apr 9, 2018 • 19 Comments

UK regulators may be on the verge of doing something right, but doubts remain over how genuine their stated intentions are.

Subprime Carmageddon: Specialized Lenders Begin to Collapse

by Wolf Richter • Apr 8, 2018 • 75 Comments

Worst delinquency rates this century.

As Banks Embrace Biometric Tracking of Customers, Cybertheft Explodes in Mexico

by Don Quijones • Apr 8, 2018 • 19 Comments

With impeccable timing.

Mix of Morons, True Believers & Spaghetti-Code Algos Tripled the Price of my Stock-Scam Hero in 3 Days before Getting Gored by the SEC

by Wolf Richter • Apr 7, 2018 • 50 Comments

$2 billion just went POOF, from one second to the next.

But How Does Amazon Fit into the Jobs Report?

by Wolf Richter • Apr 6, 2018 • 27 Comments

Which sectors created 2.2 million jobs in 12 months? Brick & mortar melts down. Governments shed jobs too, even information tech.

The Jobs Report, Sliced and Diced

by Wolf Richter • Apr 6, 2018 • 72 Comments

I’m looking at what’s behind the numbers.

Fed’s QE-Unwind Proceeds Despite Stock Market Sell-Offs

by Wolf Richter • Apr 5, 2018 • 63 Comments

Didn’t miss a beat.

“When the Next Crisis Begins…” JPMorgan CEO Jamie Dimon

by Wolf Richter • Apr 5, 2018 • 64 Comments

“As all asset prices adjust to a new and maybe not-so-positive environment,” there’s “a risk that volatile and declining markets can lead to market panic.”

Trump Bump Spooks San Francisco Housing Market & it Goes Nuts

by Wolf Richter • Apr 5, 2018 • 35 Comments

Condo price volatility causes whiplash. But the house price surge is just crazy.

World’s Most Wanted Bank Whistleblower Was Just Arrested, for the Worst Possible Reason

by Don Quijones • Apr 4, 2018 • 32 Comments

For a prisoner exchange between Switzerland and Spain? 

Toronto’s Epic Housing Bubble Turns to Bust

by Wolf Richter • Apr 4, 2018 • 56 Comments

Prices of detached houses plunge C$207,000 in 12 months as sales collapse.

So What’s Going On with Auto Sales?

by Wolf Richter • Apr 3, 2018 • 65 Comments

Easter fell into March this year, and March Lasted till April 2.

Playing With Fire in Catalonia

by Don Quijones • Apr 3, 2018 • 17 Comments

A relentless state, angry demonstrations, and profoundly worried businesses.

The Dollar LIBOR Replacement Rate Has Arrived: 1.80%

by Wolf Richter • Apr 3, 2018 • 43 Comments

SOFR, so good?

What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing Scams to Make a Fortune Overnight, even if They Already Crashed the First Time?

by Wolf Richter • Apr 2, 2018 • 65 Comments

It’ll take many more sell-offs and the collapse of many more iffy stocks before this over-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

Brick & Mortar Retail Meltdown, March Update

by Wolf Richter • Apr 2, 2018 • 63 Comments

And private equity firms are at the helm.

Collapse of Cryptocurrencies in Q1: Even the Biggest Crashed 67% to 88%

by Wolf Richter • Apr 1, 2018 • 71 Comments

But nothing goes to heck in a straight line.

FirstEnergy Seeks US Gov Rescue. Who Should Pay for Bad Decisions by Capitalists? Not the Capitalists, Obviously

by Leonard Hyman and Willian Tilles • Mar 31, 2018 • 63 Comments

The coal and nuclear power generator may default in April.

What Could Dethrone the Dollar as Top Reserve Currency?

by Wolf Richter • Mar 30, 2018 • 103 Comments

Central banks seem leery about the Chinese yuan.

Econ Rumblings

Subprime Carmageddon: Specialized Lenders Begin to Collapse

by Wolf Richter • Apr 8, 2018

Worst delinquency rates this century.

But How Does Amazon Fit into the Jobs Report?

by Wolf Richter • Apr 6, 2018

Which sectors created 2.2 million jobs in 12 months? Brick & mortar melts down. Governments shed jobs too, even information tech.

The Jobs Report, Sliced and Diced

by Wolf Richter • Apr 6, 2018

I’m looking at what’s behind the numbers.

Fed’s QE-Unwind Proceeds Despite Stock Market Sell-Offs

by Wolf Richter • Apr 5, 2018

Didn’t miss a beat.

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