Already Troubled Pemex & Mexico’s Oil Industry Wake Up in a New World by Don Quijones • Jul 5, 2018 • 19 Comments Tectonic shifts and clouds of uncertainty after Sunday’s election.
Bank of Japan Takes Away Punch Bowl, Balance Sheet Declines by Wolf Richter • Jul 4, 2018 • 35 Comments Was “QQE” just a pretext for bringing the government bond market under absolute control to avoid a Greek-style debt crisis?
Here’s Why Vacant Stores, Zombie Malls Are Much Bigger than Mall Vacancy Rates Indicate by Wolf Richter • Jul 3, 2018 • 120 Comments Zombie malls and shuttered stores don’t count.
Saudi Arabia Won’t Bring 2 Million Bpd Online by Nick Cunningham • Jul 3, 2018 • 47 Comments President Trump said they would. Here’s why they won’t.
PwC Hit with $625 Million in Damages for Negligence in Bank-Fraud Case Brought by the FDIC by Wolf Richter • Jul 2, 2018 • 63 Comments When it gets too complicated for senior auditors, send in a “college-aged intern.”
Update on Deflating Property Bubbles in Sydney & Melbourne by Wolf Richter • Jul 2, 2018 • 39 Comments “Recent home buyers could be facing negative equity”: CoreLogic.
Google, Microsoft, Oracle et al. Gang Up on Amazon for $10Bn Pentagon Prize by Safehaven • Jul 1, 2018 • 20 Comments But they’re firing blanks.
US Dollar Hegemony Tripped Up by Chinese Renminbi? by Wolf Richter • Jul 1, 2018 • 73 Comments Um, no. Central banks not enthusiastic about the renminbi.