The Giant Sucking Sound of Financial Repression by Wolf Richter • Jul 31, 2019 • 104 Comments In the US alone, it impacts nearly $40 trillion — with consequences for the real economy.
Who Holds the $3.2 Trillion in “Leveraged Loans” and CLOs? by Wolf Richter • Jul 22, 2019 • 90 Comments Murk everywhere. There isn’t even an agreement what “leveraged loans” are. No, banks are not off the hook. That was wrong too. They hold 57% of these instruments, the Bank of England found.
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 27 Comments Just when European banks need to inspire confidence more than ever.
Liquidity Crisis at Woodford Equity Fund Is Symptomatic of Systemic Problem, Bank of England Warns by Nick Corbishley • Jul 12, 2019 • 29 Comments $30 trillion of assets globally are held by similar open-ended funds.
Negative-Yielding Junk Bonds Have Arrived in Europe by Wolf Richter • Jul 9, 2019 • 91 Comments NIRP is systematically rotting out basic brain functionality.
THE WOLF STREET REPORT: After All This Money Printing, Where’s the Huge Inflation? by Wolf Richter • Jul 7, 2019 • 113 Comments Oh, it’s here alright.
Bank of Japan Stealth-Tapers Further by Wolf Richter • Jul 2, 2019 • 48 Comments Bank stocks crushed by negative interest rates, broader market goes nowhere in 4 years despite BOJ’s equity purchases.
And the US Dollar’s Status as Global Reserve Currency? by Wolf Richter • Jul 1, 2019 • 72 Comments Apocalypse not now.
Turkish Financial Crisis Hammers Home Sales & Mortgages by Don Quijones • Jun 21, 2019 • 17 Comments Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
No, Rate Cuts Were Not Discussed: ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters by Wolf Richter • Jun 18, 2019 • 58 Comments Draghi’s shenanigans get hilarious, just months before his term ends.
