Uncertainty Grips Troubled Pemex, World’s Most Indebted Oil Company by Don Quijones • Aug 6, 2018 • 17 Comments “Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico itself.
It Just Doesn’t Let Up with Wells Fargo by Wolf Richter • Aug 6, 2018 • 82 Comments A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
Could California Flame Out? by John McNellis • Aug 5, 2018 • 112 Comments High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US? by Wolf Richter • Aug 4, 2018 • 30 Comments The underlying dynamics are similar, but the approach is different.
Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver? by Wolf Richter • Aug 4, 2018 • 46 Comments But there’s a bottom for everything.
UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse by Don Quijones • Aug 3, 2018 • 36 Comments Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.
Update on the Rental Bubbles & Crashes in US Cities by Wolf Richter • Aug 2, 2018 • 36 Comments Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets.
Consumer Debt Suddenly Surges in Spain, Banks Love it, But Regulators Begin to Fret by Don Quijones • Aug 2, 2018 • 15 Comments Bad habits die hard.
Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”? by Wolf Richter • Aug 1, 2018 • 130 Comments SEC, are you checking into this?