What’s Going on with the Banks? Citi Cuts Goldman to “Sell,” after Goldman Cut Citi to “Neutral” by Wolf Richter • Jan 10, 2017 • 18 Comments Circular firing squad? But bank stocks have soared for three months.
What 1 Million US Jobs? Dreading a Trade War, China Sends Alibaba’s Jack Ma to Trump for some Fence Mending by Wolf Richter • Jan 9, 2017 • 71 Comments Carrot and Stick. Now a friendly chat among billionaires who presumably see eye-to-eye.
Evictions by Wall-Street Mega-Landlords Soar, Financialization of Rents Cause “Housing Instability”: Atlanta Fed by Wolf Richter • Jan 7, 2017 • 106 Comments It blames the Fed & Bernanke; the dark side of “healing” the housing market.
Um, General Chinese Motors? by Wolf Richter • Jan 5, 2017 • 55 Comments GM’s huge post-bailout investments in China bear fruit.
Annual US Auto Sales Fell for First Time since 2009 at GM, Ford, Fiat-Chrysler, Toyota, VW, BMW… by Wolf Richter • Jan 5, 2017 • 82 Comments The hype has been deafening, as US “car recession” spreads among largest automakers.
Trump Tweets, Ford & GM Counter, their Shares Jump, the Peso Plunges, but the Jobs Won’t “Come Back” to the USA by Wolf Richter • Jan 3, 2017 • 65 Comments Whacked by slow demand, Ford cancels plant in Mexico, shifts car production to existing plant in Mexico.
The Bitter Reality of the Stock Market “January Effect” by Wolf Richter • Jan 2, 2017 • 26 Comments A myth gets destroyed by facts.
Shrinking Oil Giant Pemex Starts 2017 on Wrong Foot by Don Quijones • Jan 2, 2017 • 15 Comments Mexico’s ATM is stewing in a toxic mix.
Is the “Trump Trade” Already Unwinding? by Wolf Richter • Dec 31, 2016 • 57 Comments Over the last ten days, markets have been jinxed, and nearly everything changed direction.
Is the 2nd Half of 2017 when Sears Finally Kicks the Bucket? by Wolf Richter • Dec 29, 2016 • 67 Comments This announcement gives some clues that after years of disappointment, Sears doom-and-gloomers might finally approach the end of their long wait.
