What an Investment Fund, Forced to Take a Big Loss, Said about the Housing Bust in Prime Central London by Wolf Richter • Jan 23, 2019 • 46 Comments “Probably now enduring its most protracted period of price suppression since records began.”
Record Defaults by Chinese Companies: Fake “Cash” & Fake Accounting by Wolf Richter • Jan 23, 2019 • 54 Comments Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch
Prepping for Bankruptcy, PG&E Secures $5.5 Billion in “Debtor-in-Possession” Financing. What is “DIP” Financing? by Wolf Richter • Jan 22, 2019 • 77 Comments Here’s how a soon-to-be bankrupt company that’ll default on all its debts can still borrow $5.5 billion.
US Home Sales Get Uglier by Wolf Richter • Jan 22, 2019 • 67 Comments But these are still the good times.
As Investors Flee Australia’s Housing Bust, Sales of New Houses Plunge to Record Low by Wolf Richter • Jan 21, 2019 • 46 Comments But first-time buyers cling to hope.
THE WOLF STREET REPORT by Wolf Richter • Jan 20, 2019 • 46 Comments And This Isn’t Even a Global Recession Yet.
Bottom Suddenly Falls Out of Demand in China in Many Sectors by Wolf Richter • Jan 19, 2019 • 93 Comments “What we witnessed in November and December was just extraordinary.”
Stock-Market Margin Debt Plummets Most Since Q4 2008 by Wolf Richter • Jan 18, 2019 • 69 Comments Wow, that was fast. Margin calls.
Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt by Wolf Richter • Jan 17, 2019 • 97 Comments Number five in two years. Here’s the list.
Boom Fizzles: Shipments Fall for 1st Time Since Transportation Recession by Wolf Richter • Jan 16, 2019 • 16 Comments But freight rates remain red hot.
