All Heck Breaks Loose amid Fears of Another Currency Crisis after Turkey’s Central Bank Governor Got Sacked Following Shock-and-Awe Rate Hike by Nick Corbishley • Mar 22, 2021 • 98 Comments The Lira plunges, stocks plunge, yields jump. Capital controls expected.
365 Days With My Mother-in-Law: Boots on the Ground View of Barcelona’s Economy by Nick Corbishley • Mar 7, 2021 • 76 Comments It remains in a state of suspended animation.
SoftBank Fintech Unicorn Greensill on Verge of Collapse by Nick Corbishley • Mar 4, 2021 • 77 Comments A massive murky mess of supply-chain finance, amid criminal allegations against the management of its German bank subsidiary, with wide repercussions.
Looking on the Bright Side of Brexit, 60 Days In by Nick Corbishley • Mar 1, 2021 • 84 Comments The hard Brexit has compounded pressures on many UK industries, but some key positives have started to emerge.
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History by Nick Corbishley • Feb 25, 2021 • 43 Comments Biggest beneficiaries of the now scuttled rescue plan would have been private equity firm KKR and Banco Santander.
The Growing Pains of Brexit, 50 Days In by Nick Corbishley • Feb 23, 2021 • 121 Comments The crucial services exports, manufacturing exports and imports, the arts & entertainment industry, fishing industry… it’s a mess.
Owner of Westfield, Buckling under $32 Billion in Debt, Plans to Dump its US Malls After Huge Losses by Nick Corbishley • Feb 12, 2021 • 95 Comments “A management team that remains prisoner of its failed strategy that started with the acquisition of Westfield.”
Despite Terrible US Economy in 2020, Workers of Mexican Descent Sent Most Dollars Ever Back to Mexico by Nick Corbishley • Feb 4, 2021 • 91 Comments Against expectations, the feared plunge in remittances, as during the US Housing Bust, did not occur. For interesting reasons. Weirdest Economy Ever.
Biggest Office Glut since 2005 Hits Hong Kong Commercial Real Estate amid Worst Recession on Record by Nick Corbishley • Jan 28, 2021 • 33 Comments Several unique factors, topped off by the enduring trend to working from home and an exodus of companies.
Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato by Nick Corbishley • Jan 23, 2021 • 135 Comments Traffic down 95%. To run out of money by April.
