“Bank Failures and Systemic Breakdowns”: Regulator Warns on Autos, Subprime, Commercial Real-Estate… by Wolf Richter • Oct 21, 2015 • 32 Comments “Reminds me of what happened in mortgage-backed securities in the run up to the crisis.”
Euro Sinks Deeper into Limbo by Don Quijones • Oct 21, 2015 • 2 Comments ECB “Powerless” to reduce wealth disparities its policies create, it says. So here are the ECB’s Winners & Losers.
Who on Wall Street is Now Eating the Oil & Gas Losses? by Wolf Richter • Oct 20, 2015 • 14 Comments This trade has become blood-soaked.
Why Mainstream Economists Deny Housing Bubbles Until After They Implode – Which They ALWAYS Do by Lindsay David • Oct 20, 2015 • 24 Comments Those few warning of a housing crash are “scaremongers” – now playing out in Australia.
Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc. by Don Quijones • Oct 20, 2015 • Comments Off on Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc. Ugly for Spain’s over-indebted, liquidity-challenged construction giants.
Saudi, US Oil Inventories Hit Record High as Demand Fizzles by Wolf Richter • Oct 19, 2015 • 18 Comments Crude oil inventory buildup points at a potential fiasco by next spring.
Pummeled by Lousy Global Demand and Rampant Overcapacity, China Containerized Freight Index Collapses to Worst Level Ever by Wolf Richter • Oct 19, 2015 • 19 Comments Bitter reality is setting in.
The Dismal Thing Schlumberger Just Said about US Oil by Wolf Richter • Oct 18, 2015 • 27 Comments 2016 to be brutal. But then, dreams of “a potential spike in oil prices.”
“Political Show Trial” of Catalonia’s Premier over Independence Referendum Hits Raw Nerve by Don Quijones • Oct 17, 2015 • 4 Comments Conflict with Spain Gets More Dangerous
Moody’s Warns “of Jarring Slowdown” in Jobs, Jumps on Recession Bandwagon by Wolf Richter • Oct 16, 2015 • 22 Comments And warns of “reduced access to financial capital.”
