Junk-Rated Offshore Drillers Headed into Bankruptcy: Fitch by Wolf Richter • Aug 17, 2015 • 5 Comments After fracking, offshore drilling.
Housing Affordability in San Francisco & Bay Area Plunges; Stocks, Interest Rates Could Trigger Epic Bust by Wolf Richter • Aug 16, 2015 • 24 Comments Others call it a “housing crisis.”
Riskiest End of the Junk Bond Market Just Blew Up by Wolf Richter • Aug 15, 2015 • 15 Comments Worst one-day hit since the Financial Crisis.
China Mess, Yuan Devaluation Spread to the US by Wolf Richter • Aug 14, 2015 • 6 Comments Elements coagulate into a toxic mix.
World’s Most Hated Major Currency Hits 11-Year Low by Wolf Richter • Aug 14, 2015 • 23 Comments Traders are uniformly betting against it, a great contrarian sign. But wait….
U.S. Containerized Exports Fall Off the Chart by Wolf Richter • Aug 13, 2015 • 20 Comments Down 29% from a year ago! US sellers “may have lost customers for good.”
Wall Street Sees Junk Bond Collapse, Prepares to Profit from it by Wolf Richter • Aug 13, 2015 • 7 Comments “Maybe this isn’t a great indication of the state of the economy.”
All Heck Breaks Loose After Freaked-Out People’s Bank of China Devalues Yuan Again by Wolf Richter • Aug 12, 2015 • 15 Comments Currency War. Asian stocks plunge. Copper, Oil hit multiyear lows.
Big Natural Gas Driller Bites Dust, ‘Smart Money’ Gets Crushed by Wolf Richter • Aug 11, 2015 • 11 Comments All eyes are now on Chesapeake.
People’s Bank of China Freaks Out, Devalues Yuan by Record Amount, Vows to “Severely Punish” Capital Flight by Wolf Richter • Aug 11, 2015 • 18 Comments A “one-time correction,” a PBOC spokesman said, which everyone believed instantly.
