“Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”
Hedge funds have field day front-running the liquidation. 300,000 investors left twisting in the wind.
Exodus from funds with illiquid assets forces funds to block redemptions.
HSBC’s pleas of innocence have won little sympathy in Beijing.
Peso collapse and inflation force Spanish companies and banks — second largest investors in Argentina, behind US companies — to tally their losses.
This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.
Investment in the auto sector grinds to a halt.
Spain’s Big Five banks (already down from the Big Six) could soon be four.
Construction industry has worst month since 2006, fourth month in a row of declines.