Fed’s Dudley Warns about Wave of Municipal Bankruptcies by Wolf Richter • Apr 14, 2015 • 17 Comments Risks “more widespread” than implied by bond ratings. Bondholders and public employees beware. The Fed is doing workshops on municipal bankruptcies now.
Magnificent Housing Bubble Unravels in Much of Canada by Wolf Richter • Apr 14, 2015 • 6 Comments But prices in Vancouver and Toronto to continue rising “over the next few months.”
Top Corporate Excuses for the Current Earnings Debacle, And What Gets Silenced to Death by Wolf Richter • Apr 13, 2015 • 7 Comments Corporate performance in Q1 sank into the mire because of the strong dollar?
Global Financial Markets Go Nuts by Wolf Richter • Apr 12, 2015 • 8 Comments The list that makes your head spin.
Moody’s Has a Cow, Slams GE’s Masterful Financial Engineering by Wolf Richter • Apr 11, 2015 • 6 Comments GE sees bubble, dumps assets – with impeccable market timing.
Here’s What’s Killing the American Dream by Wolf Richter • Apr 10, 2015 • 23 Comments And it’s dragging down the economy.
Keep Pushing Until Something Really BIG Breaks? by Wolf Richter • Apr 9, 2015 • 13 Comments Fed clueless how to unscramble omelet, fears “outsized market reaction.” Other central banks keep adding to omelet. Absurdity reigns.
Oil Crushed by US-Saudi-Russian Supply Glut by Wolf Richter • Apr 8, 2015 • 10 Comments No one backs off. Price plunges.
This Could Sink Banks in Greece, Portugal, Spain, and Italy by Wolf Richter • Apr 7, 2015 • 13 Comments It’s the competition folks – not the bank regulators. And they have real teeth.
Wall Street Sells Junk Bonds, CLOs at Record Pace, But Investors Hit by “Dismal” Returns by Wolf Richter • Apr 6, 2015 • 2 Comments Parts of the greatest credit bubble in history are already self-destructing.
