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.
Online Retailers Lose State Tax Subsidy by Wolf Richter • Jun 21, 2018 • 95 Comments Up to $13 billion in 2017. Brick-and-mortar gets some relief. Consumers not amused.
Why a US-Style Housing Bust & Mortgage Crisis Can Happen in Canada, Australia, and Other Bubble Markets by Wolf Richter • Jun 20, 2018 • 80 Comments Despite persistent and false memes to the contrary.
How the ECB Helped Spain “Recover” Faster than Italy from the Crisis by Don Quijones • Jun 20, 2018 • 21 Comments A nation of savers v. a nation of debtors.
