In 3 Days, the Last Toys ‘R’ Us Stores Die. And PE Firms Behind it? by Wolf Richter • Jun 25, 2018 • 52 Comments They Come Under “Intense Scrutiny” by the Pension Funds that Feed Them. But this too shall pass.
An Unexpected Carbon Tax Proposal by Llewellyn King • Jun 25, 2018 • 56 Comments What’s surprising is who’s pushing it: dyed-in-the-wool, rock-ribbed Republicans.
I’m in Awe of How Carmageddon Continues in Houston at Financial-Crisis Levels by Wolf Richter • Jun 25, 2018 • 28 Comments Where the heck is the hyped “replacement demand” from Hurricane Harvey?
Risks Pile Up Quietly in the US Corporate Bond Market by Wolf Richter • Jun 24, 2018 • 50 Comments The fear of becoming a “fallen angel.”
Bitcoin Drops to $5,860, Lowest since October 2017. True Believers with Fake Hopes Got Cleaned Out by Early Movers by Wolf Richter • Jun 24, 2018 • 127 Comments Down 70% from the peak. This is just not fun anymore.
Despite Trump’s Tariff Threat, Automakers Double Down on Mexican Production by Don Quijones • Jun 23, 2018 • 47 Comments Addicted to cheap labor, Corporate America is not playing along.
This Deal Shows How the Junk-Credit Market is Still Irrationally Exuberant by Wolf Richter • Jun 22, 2018 • 54 Comments One of the biggest such deals ever, happening now: How investors allow a group of PE firms to extract $3.75 billion from a company after they’d already extracted billions.
Mind the “Directional Shift” in the Housing Bubble in BC, Canada by Steve Saretsky • Jun 22, 2018 • 54 Comments It’s not subtle: Home sales plunge, inventory jumps, prices begin to react.
Next Central Bank Puts QE Unwind on the Calendar by Wolf Richter • Jun 21, 2018 • 67 Comments The end of an era spreads.
Multi-Decade Outsourcing Boom Comes to Sticky End in the UK by Don Quijones • Jun 21, 2018 • 46 Comments After scandals, collapses, and the government’s off-balance-sheet debt.