Debt-Slave Industry Frets over Impact of Mass Credit Freezes by Wolf Richter • Sep 30, 2017 • 76 Comments Their doom-and-gloom scenario: Consumers suddenly become prudent.
Catalonia’s Dark Days Ahead by Don Quijones • Sep 30, 2017 • 47 Comments It isn’t just about what happens on Sunday; it’s about the ensuing days and weeks.
ECB Wants to Weed Out Smaller Banks to Cut Competition by Don Quijones • Sep 29, 2017 • 26 Comments Europe needs “brave banks” willing to conquer new territory.
$2.25/hr to Build a $40,000 Vehicle by Wolf Richter • Sep 29, 2017 • 87 Comments Mexico’s wage repression scheme creates Nirvana for global automakers.
Big Shrink Bulks Up in India, Guts US Jobs, to Please Wall Street by Wolf Richter • Sep 28, 2017 • 153 Comments But IBM’s strategy isn’t working out.
Landlord’s View of the Brick and Mortar Meltdown by John McNellis • Sep 28, 2017 • 99 Comments “We are faced with weekly tenant bankruptcies, defaults, and requests for rent or space reductions.”
San Francisco Bay Area Pending Home Sales Plunge, California’s Drop too, and It’s Not a Blip by Wolf Richter • Sep 27, 2017 • 116 Comments Housing bubble, affordability crisis “pushed the market to a tipping point.”
Wall Street and City of London Press Panic Button on Catalonia by Don Quijones • Sep 27, 2017 • 41 Comments “Sometimes you have to keep the black swans in mind.”
The US Cities with the Biggest Housing Bubbles by Wolf Richter • Sep 26, 2017 • 115 Comments Extraordinary asset price inflation in all its beauty.
Lenders Loosen Mortgage Standards, as Demand Falls by Wolf Richter • Sep 25, 2017 • 101 Comments Same phenomenon leading up to the last housing bust?