Second oil bust in five years – or phase 2 of the same oil bust – exacts its pound of flesh.
Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
Order backlog still feeds truck makers, but they don’t disclose for how long.
The concentration of corporate debt: The top 48.
Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality.
In their most important US market, the plunge in registrations far outpaced their already stunning global decline. Which opens a whole new question.
Tencent is a giant. Its stock, after plunging 50% in 2018, was a big winner earlier this year. Now the uptrend is broken. Revenue is primarily from mobile video game microtransactions, and warning signs are emerging.
In 2013, I called Goldman Sachs a “snake-oil salesman” for underwriting a $1 billion J.C. Penney stock offering. Investors got wiped out. Now the longer-dated bonds, including a 100-year bond, have collapsed.
Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.
US freight shipments fall for 7th month in a row. After the boom, the bust.