Another Negative-Interest-Rate Central Bank Laments What Negative Interest Rates Have Wrought by Nick Corbishley • Nov 30, 2019 • 127 Comments Instead of warning about the effects of this absurdity, they could just raise rates and quit buying bonds.
Momentous Change in US Crude Oil Market, with Global Impact by Wolf Richter • Nov 29, 2019 • 131 Comments But US “Energy Independence” is More Complicated.
Over-Indebted European Telecom Giant Tries to Dump its Latin American Empire by Nick Corbishley • Nov 29, 2019 • 48 Comments Telefonica, with operations in Venezuela, Argentina, Chile, Peru, Ecuador, Colombia, and Mexico, is on the verge of “junk,” and the ECB holds some of its debt.
What’s Behind the Subprime Consumer Loan Implosion? by Wolf Richter • Nov 28, 2019 • 110 Comments These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
Brick & Mortar Rent Meltdown, Manhattan Style by Wolf Richter • Nov 27, 2019 • 120 Comments Asking rents for ground-floor retail space have plunged as landlords struggle with vacancies.
Despite Startup Millionaires, the Most Splendid Housing Bubbles in America Deflate. Crushed Markets Scramble Higher by Wolf Richter • Nov 26, 2019 • 87 Comments Prices skid in the San Francisco Bay Area, Seattle & New York. Other markets lose steam. A few power on. Crushed markets scramble to new (low) highs.
After Years of Threats, Schwab Joins Exodus, to Move Headquarters from San Francisco to Texas by Wolf Richter • Nov 25, 2019 • 195 Comments It has been shrinking its way out of the City for years. And it’s not the first major company to make the move.
THE WOLF STREET REPORT: What’s Behind the Subprime Consumer Loan Implosion? by Wolf Richter • Nov 24, 2019 • 170 Comments These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust by Wolf Richter • Nov 23, 2019 • 102 Comments Including billionaires who thought they’d picked the bottom in 2016.
Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever by Wolf Richter • Nov 22, 2019 • 235 Comments Department stores get crushed one by one.