P2P Loans are “Predatory,” Have Delinquency Characteristics of pre-2007 Subprime Mortgages, Could Impact Financial Stability: Cleveland Fed by Wolf Richter • Nov 13, 2017 • 51 Comments Debt slaves get deeper into high-cost debts they can’t handle.
Equifax Discloses its Coming Nightmares by Wolf Richter • Nov 10, 2017 • 44 Comments “It is not possible to estimate the amount of loss or range of possible loss.”
How Snap Just Gave a Middle Finger to its Voteless Shareholders by Wolf Richter • Nov 8, 2017 • 34 Comments They don’t need to know, Snap says. Tencent rues the day it bought a 12% stake.
How Can a Company Once Worth $30B Lose $443M on Just $208M in Revenues? Here’s How by Wolf Richter • Nov 7, 2017 • 68 Comments This is where hype (and money) goes to die.
Malls and their Hapless Investors Keep Getting Crushed by Wolf Richter • Nov 3, 2017 • 63 Comments (Creative) Destruction in the brick-and-mortar meltdown.
How US Debt Slaves Get Trapped by “Deferred Interest” by Wolf Richter • Nov 2, 2017 • 78 Comments But over the next 2 months, they’ll try to prop up US retailers and the entire global economy with these credit cards.
Pickup Sales Boom, Cars get crushed, Tesla Deliveries Plunge by Wolf Richter • Nov 1, 2017 • 103 Comments Carmageddon for Tesla, Fiat Chrysler, Hyundai, and Kia.
Sears Holdings Exhausts its Last Credit Facility by Wolf Richter • Oct 31, 2017 • 49 Comments It risks running out of money just before the holiday selling season.
Big Bitcoin Investor Believes Bitcoin Might Still Go to “Zero,” Just Riding the Momentum by Wolf Richter • Oct 29, 2017 • 97 Comments Our risk-free forever-surging stocks are too tame? Chase “blockchain” and cryptocurrencies. But he stopped buying at these prices.
“Office-Using Employment” in San Francisco and Silicon Valley Gets Hit by Wolf Richter • Oct 26, 2017 • 51 Comments Something convoluted is happening in the office sector.
