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.
Worst Year for Car Sales in Japan since Earthquake by Wolf Richter • Aug 10, 2015 • 6 Comments Abenomics Mauls Japanese Households.
China’s Hard Landing Suddenly Gets a Lot Rougher by Wolf Richter • Aug 9, 2015 • 14 Comments “We could see relatively strong downward pressure” – Chinese government.
The Great Unwind Has Begun, Bankruptcies Soar by Wolf Richter • Aug 7, 2015 • 22 Comments A year that “makes false prophets” of those who assumed there’d be no shocks.
The Seventh-Largest Economy in the World Spirals Down by Wolf Richter • Aug 6, 2015 • 7 Comments Even HSBC, which knows a thing or two about the world, is bailing out.
A True Jobs Massacre Spreads in US Oil & Gas by Wolf Richter • Aug 5, 2015 • 10 Comments And it’s far from over.
The Unnerving Thing Global Automakers Just Said About China’s Economy by Wolf Richter • Aug 5, 2015 • 18 Comments In a “downward spiral.”
