US-China Trade War, “Hard” Brexit Give Germany Inc. the Willies by Wolf Richter • Oct 16, 2018 • 16 Comments No economy is as dependent on a trade surplus as Germany.
Why’s the World’s Biggest Asset Manager Advising the ECB on the Health of EU Banks? by Don Quijones • Oct 15, 2018 • 33 Comments BlackRock is “a market power that no state can control anymore.”
Dead Meat Walking: Why Sears Will Be Liquidated by Wolf Richter • Oct 15, 2018 • 62 Comments Bankruptcy can only restructure debts; it cannot revive mutilated brands and bring back mauled customers.
THE WOLF STREET REPORT by Wolf Richter • Oct 14, 2018 • 45 Comments How the next housing bust might unfold – the best-case scenario.
What’s Going on in the Used Passenger-Plane Market? by MC01 • Oct 13, 2018 • 55 Comments Converting them to freighters is a booming business, but overcapacity looms.
Here Comes the ECB with a “Bubble” Warning, After it Caused the Most Absurd Bond Bubble Ever by Wolf Richter • Oct 12, 2018 • 73 Comments “The ECB cannot and should not turn a blind eye to risks to financial stability.”
Exxon Now Advocates for Carbon Tax? Hmmm by Leonard Hyman and Willian Tilles • Oct 12, 2018 • 93 Comments Some things are just too curious.
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing by Wolf Richter • Oct 11, 2018 • 102 Comments This will dog the stock market going forward.
How Will 6% Mortgage Rates Deal with Housing Bubble 2? by Wolf Richter • Oct 10, 2018 • 95 Comments It has finally happened – a line in the sand has been breached.
“Rising Inequality” Could Impact America’s AAA Credit Rating by Safehaven • Oct 10, 2018 • 33 Comments Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.”
“Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans by Don Quijones • Oct 10, 2018 • 12 Comments “The global leveraged loan market is larger than – and growing as quickly as – the US subprime mortgage market was in 2006.”
I Was Asked: Why Did All this Money-Printing Not Trigger Massive Inflation? by Wolf Richter • Oct 9, 2018 • 180 Comments Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
Revealed: The Run on Banks in Catalonia after the Independence Vote was Fomented by Madrid by Don Quijones • Oct 9, 2018 • 20 Comments The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks.
US Dollar & Emerging Market Stocks: Big-Fat Gains Turn to Big-Fat Losses by Wolf Richter • Oct 9, 2018 • 37 Comments “The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
QE Party Is Drying Up, Even at the Bank of Japan by Wolf Richter • Oct 8, 2018 • 54 Comments Despite repeated speeches to the contrary.
Red Ink: Housing Inflects Further in Bay Area’s Sonoma County by Wolf Richter • Oct 8, 2018 • 46 Comments “101 new listings, 101 price reductions.”
10 & 30-Year Yields Surge, Yield Curve “Steepens,” Stocks Drop, as Fed Talks Up Rate Hikes in 2019 by Wolf Richter • Oct 7, 2018 • 60 Comments Ironically, after having lamented the flattening yield curve for a year, soothsayers now lament the steepening curve.
Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies by Don Quijones • Oct 7, 2018 • 59 Comments Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
“Trump Bump” Peaked in San Francisco’s Housing Bubble by Wolf Richter • Oct 5, 2018 It’s not fun anymore.
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise by Don Quijones • Oct 5, 2018 The economic miracle fueled by foreign-currency debt.
The Fed’s QE Unwind Reaches $285 Billion by Wolf Richter • Oct 4, 2018 The “up to” begins to matter for the first time.
Signs that the Trucking Boom Has Peaked by Wolf Richter • Oct 4, 2018 This is why the trucking business is so cyclical – and you can see it coming.
Powell Explains Just How Hawkish the Fed is Getting by Wolf Richter • Oct 3, 2018 “But we’re a long way from neutral at this point.”
“High End” Apartment Construction Totally Dominates, Creates Mismatch of Supply & Demand by Wolf Richter • Oct 3, 2018 Because that’s where the money is, on paper. But it’s not where the market is.
September Carmageddon for Ford and GM by Wolf Richter • Oct 2, 2018 Ford drops to 4th place. Industry sales red for 2018. But FCA sales jump.
The Return of “Beyond Petroleum”: All Talk and No Strategy? by Leonard Hyman and Willian Tilles • Oct 2, 2018 “Oil and gas companies are becoming energy companies,” said BP’s Bob Dudley. BP even changed the logo.
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion by Wolf Richter • Oct 1, 2018 But wait — these are the Boom Times!
Update on Popping Housing Bubbles in Sydney & Melbourne by Wolf Richter • Oct 1, 2018 Every housing bubble requires the connivance of the banks and regulators. Australia is no exception.
US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground by Wolf Richter • Sep 30, 2018 Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Why Rising Mortgage Rates Threaten Canada’s Banks by Wolf Richter • Sep 30, 2018 Variable-rate and adjustable-rate mortgages dominate in Canada.
