No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks by Don Quijones • Aug 31, 2018 • 69 Comments To diversify from the euro debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, six years later, they’re in a new crisis.
Update on Rental Bubbles & Crashes in US Cities by Wolf Richter • Aug 31, 2018 • 34 Comments Rents plunge in Chicago & Honolulu, spiral down in New York, Washington DC, & others, but surge in many markets.
Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze by Don Quijones • Aug 30, 2018 • 27 Comments “Substantial Increase in the Risk of a Downside Scenario”: Moody’s
What the Heck Just Happened in Argentina? by Wolf Richter • Aug 30, 2018 • 66 Comments Central Bank Hikes to 60%, Peso Collapses 24% in 2 Days, Macri Begs IMF for Faster Bailout
Supply of Homes Surges 20% to 90% in Many Markets Just as Pending Home Sales Drop by Wolf Richter • Aug 29, 2018 • 116 Comments This is not good.
The “Call”… Alibaba and the 8 Analysts by Deep Throat IPO • Aug 29, 2018 • 33 Comments OMG! Another laugh-out-loud, gut-buster of an investor call. Come on guys, you’ve gotta stop it.
The Most Splendid Housing Bubbles in America by Wolf Richter • Aug 28, 2018 • 62 Comments New York condo prices fell again. Historic spikes slow in Seattle and other metros.
Why Are So Few Customers Leaving TSB Bank Despite 21 Weeks of Mayhem? by Don Quijones • Aug 28, 2018 • 34 Comments The botched IT migration is still dogging customers of the UK lender.
7 Things that Did Not Happen to Tesla after the Friday-Night Deal-Massacre by Wolf Richter • Aug 27, 2018 • 71 Comments You’ve got to hand it to Musk.
Nafta is Dead. Long Live Nafta by Wolf Richter • Aug 27, 2018 • 70 Comments The biggest problem with Nafta remains unaddressed: Wage repression in Mexico, including via “protection contracts” as condition for building a plant.