The Smart Money Gets Ready for the Next Credit Event by Wolf Richter • Jun 19, 2018 • 65 Comments “It feels like we’re about 12 months away, but we could get into extended innings.”
Big Four Audit “Oligarchy” Comes under Scrutiny in the UK after Corporate Surprise Collapses by Don Quijones • Jun 19, 2018 • 36 Comments The “oligarchy” controls the standard-setters, ensuring rules of the game suit it. The long reach of the bean counters also extends deep into the heart of government.
Shanghai Plunges 3.2%, below 3,000 for 1st Time in 2 Years, After Trump Threatens to Massively Escalate Trade War and China Threatens to Massively Retaliate by Wolf Richter • Jun 19, 2018 • 117 Comments Apparently, the trade talks have collapsed.
Chasing Yield during ZIRP & NIRP Evidently Starved Human Brains of Oxygen. Now the Price Is Due by Wolf Richter • Jun 18, 2018 • 41 Comments See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
Trucking, Rail Freight Prices Surge, Trigger “Inflationary Concerns” by Wolf Richter • Jun 18, 2018 • 57 Comments Everything is spiking.
The Huge Ships for the Booming LNG Trade by MC01 • Jun 17, 2018 • 51 Comments Designs, Technologies, and Challenges for liquefied natural gas carriers.
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” by Wolf Richter • Jun 17, 2018 • 62 Comments As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
Consumers Stubbornly Cling to Cash, after Multiple IT Fiascos & Payment Systems Outages by Don Quijones • Jun 16, 2018 • 53 Comments An industry dogged by non-believers who fret about privacy and fraud.
Who the Heck Bought $1.2 trillion in New US Treasuries over the past 12 Months? by Wolf Richter • Jun 15, 2018 • 61 Comments Russia, Japan, and the Fed dumped. So who bought?
Canada Has a Subprime Real Estate Problem, You just Don’t Know It by Stephen Punwasi • Jun 15, 2018 • 57 Comments Subprime goes to the Toronto condo market.
