Venezuela’s Oil Meltdown Defies Belief by Nick Cunningham • Jun 6, 2018 • 40 Comments Even the most pessimistic output scenarios could turn out to be too hopeful.
Heavy Truck Industry on Cloud 9, Shippers Face “Capacity Crisis” by Wolf Richter • Jun 6, 2018 • 32 Comments “Veterans in this industry are saying this is the best freight market they have ever seen.”
Tragicomic Farce at UK Bank TSB Enters Week 7 of IT Chaos by Don Quijones • Jun 6, 2018 • 25 Comments Bank-friendly regulators finally show some interest.
Huge New Prop under the Stock Market is a One-Time Affair by Wolf Richter • Jun 5, 2018 • 87 Comments Crash insurance with an expiration date. But its working while it lasts.
FANGMAN Stocks Are Not a Bubble, Pleads Goldman Sachs by Wolf Richter • Jun 5, 2018 • 128 Comments This time, it’s different, say the strategists. So we’ll take a look.
Citibank, Deutsche Bank, ANZ to Fight Possible “Criminal Cartel” Charges in Australia by Safehaven • Jun 4, 2018 • 17 Comments There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
Toronto’s House Price Bubble Not Fun Anymore by Wolf Richter • Jun 4, 2018 • 56 Comments Average price of single-family house plunges 13%, or C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on.
Housing Bubbles in Sydney & Melbourne Deflate by Wolf Richter • Jun 3, 2018 • 46 Comments “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.”
“Bunker,” the Fuel for the Giant Engines in Large Cargo Ships by MC01 • Jun 3, 2018 • 56 Comments The world grapples with the emissions.
Visa Goes Down in the UK, Chaos Ensues, Cash is Suddenly King by Don Quijones • Jun 2, 2018 • 81 Comments War on Cash Suffers Setback.