This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China.
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
“It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.
Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.
My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Down 15% from a year ago. Employment lags job openings by a few months. It hit the usual suspects but also the services industries, including finance & insurance, tech, and healthcare.
Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
Department of Justice charges four members of China’s PLA. “We have the capability to remove the Internet’s cloak of anonymity.” But how far will it go?
Banks are trying, but demand just isn’t there.