What Truckers & Railroads Just Said about the US Economy by Wolf Richter • Aug 16, 2018 • 10 Comments It’s cyclical.
“Asia Will Be the Next Source of Downside Systemic Risk for Financial Markets” by Wolf Richter • Aug 16, 2018 • 33 Comments Emerging Markets turmoil: The price of cheap debt & misallocation of capital.
Who Bought the $1.36 Trillion of New US National Debt over the Past 12 Months? by Wolf Richter • Aug 15, 2018 • 59 Comments Russia, Japan, and the Fed dumped, China hung in there…. But who bought?
Shale Profits Remain Elusive by Nick Cunningham • Aug 15, 2018 • 26 Comments This time was supposed to be different.
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? by Don Quijones • Aug 15, 2018 • 63 Comments Banks are curtailing “cash services.” But why?
Rise of US Dollar Haunts Emerging Market Debt by Wolf Richter • Aug 14, 2018 • 56 Comments A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.
Alibaba’s 20-F Annual Report… Financial Comedy Gold!! by Deep Throat IPO • Aug 14, 2018 • 48 Comments In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue by Wolf Richter • Aug 13, 2018 • 61 Comments Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%.
Anatomy of the Housing-Market Inflection Point in the Bay Area’s Sonoma County: Insider View by Wolf Richter • Aug 13, 2018 • 86 Comments The inflection point was in June. This is how inflection points show up at the subcutaneous level in all housing markets.
“Big Four” Audit Oligopoly Expands Global Reach Further by Don Quijones • Aug 12, 2018 • 19 Comments But in some jurisdictions, they’re under-fire after a series of sudden corporate collapses.
Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout by Wolf Richter • Aug 11, 2018 • 57 Comments Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from?
The Global Container Shipping Industry since the Hanjin Collapse by MC01 • Aug 11, 2018 • 32 Comments Overcapacity reigns as companies splurge on the largest ships, consolidation rages, no one wants to back off.
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge by Don Quijones • Aug 10, 2018 • 85 Comments Turkish lira in free-fall, down 18% in two days.
Rate Hike Ammo, Even Without Food & Energy by Wolf Richter • Aug 10, 2018 • 58 Comments Core CPI jumps the most since 2008.
The Eurozone’s “Doom Loop” Re-Grips Italian Banks by Don Quijones • Aug 9, 2018 • 20 Comments Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks.
What’s Going On in the Used Car & Truck Market? by Wolf Richter • Aug 9, 2018 • 72 Comments As “affordability challenges” hit new vehicles, consumers switch to used, prices spike to record, inflation psychology sets in.
The State of the American Debt Slaves, Q2 2018 by Wolf Richter • Aug 8, 2018 • 132 Comments Let the good times roll.
Cyclical Heavy-Truck Industry Soars to Cloud 9 by Wolf Richter • Aug 8, 2018 • 23 Comments “It is a bizarre occurrence and it will not be resolved soon.”
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets by Don Quijones • Aug 7, 2018 • 32 Comments Too little, too late?
This is Precisely Why I’ve Been Saying: Don’t Short Tesla or Anything in This Crazy Market by Wolf Richter • Aug 7, 2018 • 157 Comments CEO goes nuts, spaghetti-code algos & consensually hallucinating humans lap it up.
Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams by Wolf Richter • Aug 6, 2018 This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
Uncertainty Grips Troubled Pemex, World’s Most Indebted Oil Company by Don Quijones • Aug 6, 2018 “Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico itself.
It Just Doesn’t Let Up with Wells Fargo by Wolf Richter • Aug 6, 2018 A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
Could California Flame Out? by John McNellis • Aug 5, 2018 High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US? by Wolf Richter • Aug 4, 2018 The underlying dynamics are similar, but the approach is different.
Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver? by Wolf Richter • Aug 4, 2018 But there’s a bottom for everything.
UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse by Don Quijones • Aug 3, 2018 Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.
Update on the Rental Bubbles & Crashes in US Cities by Wolf Richter • Aug 2, 2018 Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets.
Consumer Debt Suddenly Surges in Spain, Banks Love it, But Regulators Begin to Fret by Don Quijones • Aug 2, 2018 Bad habits die hard.
