Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks) by Don Quijones • May 27, 2018 • 74 Comments “Doom loop” begins to exact its pound of flesh.
Is This the Next Big Retailer to Melt Down? Its Bonds Crashed by Wolf Richter • May 25, 2018 • 102 Comments It was bought out by a PE firm, saddled with $8 billion in debt, and grapples with its fate.
US Gasoline Exports Surge, as Price Hits $3 for Memorial Day, $3.69 in California by Wolf Richter • May 25, 2018 • 81 Comments Business is business.
Riskiest Junk Bonds Still Blissful in La-La Land, High-Grade Bonds Bleed. Apple’s Fault? by Wolf Richter • May 24, 2018 • 24 Comments The Fed will keep tightening until these junk bonds buckle.
Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall? by Don Quijones • May 24, 2018 • 28 Comments Blackstone Group, Cerberus Capital Management, and others face a problem.
Oops, It’s Starting, Says This Chart from the FDIC by Wolf Richter • May 23, 2018 • 87 Comments And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.”
What Will Surging Mortgage Rates Do to Housing Bubble 2? by Wolf Richter • May 23, 2018 • 93 Comments The impact on home buyers, and the market, in dollars and cents.
Where the Debt Slaves Are the Most Vulnerable by Wolf Richter • May 22, 2018 • 103 Comments I’m shedding a different light on consumer debt.
China’s ‘Social Credit Score’ Blacklists People for Bad Behavior (Who Decides?) by Safehaven • May 22, 2018 • 61 Comments Forget getting on a plane or high-speed train. It’s based on character and concocted from big data and artificial intelligence algos.
Furious Customers Leave in Droves after Botched IT Revamp at UK Bank TSB as Nightmare Drags on for a Month by Don Quijones • May 22, 2018 • 32 Comments “It is unacceptable for banks not to keep our accounts safe.”