After Epic “Run on the Funds,” 10 More Real Estate Mutual Funds Shuttered as COVID-19 Batters UK Property Values by Nick Corbishley • Mar 20, 2020 • 83 Comments Triggered by the belated realization of the risks in mutual funds that offer daily liquidity but invest in illiquid assets.
European Banks Face Financial Crisis 2, Shares Hit 1988 Lows by Nick Corbishley • Mar 18, 2020 • 52 Comments The ECB promises to “monitor markets closely.” Then it came out with a new bond buying binge.
Welcome to Dystopia: My Life Under Lockdown in Spain by Nick Corbishley • Mar 17, 2020 • 100 Comments Most importantly, we have our health (touch wood) and each other.
Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19 by Nick Corbishley • Mar 15, 2020 • 48 Comments Local governments end up buying dying malls to keep them from becoming dead zones.
First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt by Nick Corbishley • Mar 12, 2020 • 48 Comments Oops, the rot runs even deeper than Muddy Waters could have imagined.
European Bank Stocks Collapse to March 2009 & 1988 Levels by Nick Corbishley • Mar 10, 2020 • 64 Comments Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.
Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall by Nick Corbishley • Mar 7, 2020 • 232 Comments “If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”
Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended by Nick Corbishley • Feb 29, 2020 • 72 Comments “Even more damning than our initial report”: Carson Block of Muddy Waters.
Epic Construction Downturn Grips Australia by Nick Corbishley • Feb 27, 2020 • 37 Comments The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
Hong Kong’s Real Estate – Housing, Office & Retail Properties – Face “Tsunami-Like Shocks” by Nick Corbishley • Feb 24, 2020 • 61 Comments At first the protests and now the coronavirus collide with the World’s Most Expensive Property Market.
