As IT Fiasco Drags On, UK Bank’s Next Big Problem Could Be Internal Revolt by Don Quijones • May 6, 2018 • 35 Comments It’s time for executive bonuses.
WTF Just Happened to Argentina’s Peso? by Bianca Fernet • May 6, 2018 • 41 Comments Three interest rate hikes in one week, to 40%, imply the first two didn’t work, and the Central Bank is not in control.
Bank of Canada: 8% of Canadian Households Owe More Than 20% of the $2.1 Trillion in Debt by Daniel Wong • May 5, 2018 • 49 Comments These Canadians are in a “highly vulnerable” position.
Jobs, Sliced and Diced by Wolf Richter • May 4, 2018 • 86 Comments Where they went, where they came from.
Fed’s QE Unwind Accelerates Sharply by Wolf Richter • May 3, 2018 • 122 Comments These are getting to be serious amounts.
Toronto’s Splendid Housing Bubble Turns to Bust by Wolf Richter • May 3, 2018 • 70 Comments Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months.
Tesla Discloses Worst Quarterly Zinger of a Loss Ever, Burns $1.1 Billion Cash by Wolf Richter • May 2, 2018 • 106 Comments Not The Boring Company, but The Hopeless Company.
Wow that’s Fast: Mortgage Rates Jump to 2011 Levels by Wolf Richter • May 2, 2018 • 104 Comments What will Housing Bubble 2 do when mortgage rates hit 6%?
Update on the Most Splendid Rental Bubbles & Crashes in the US by Wolf Richter • May 1, 2018 • 75 Comments Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground.