Why Hanjin’s Zombie Collapse Won’t Be the Last One by Wolf Richter • Sep 18, 2016 • 72 Comments The pain will continue, with many more false-hope ups followed by brutal smack-downs, and more carriers cracking under their debt.
Italian Banking Crisis Turns into Mission Impossible by Don Quijones • Sep 17, 2016 • 29 Comments With a stagnating economy, even supposedly good debt on banks’ books may end up putrefying.
Deutsche Bank’s CoCo Bonds Speak of Fear of the Worst by Wolf Richter • Sep 16, 2016 • 24 Comments For profitable, well-capitalized banks not teetering on the brink, big fines are a slap on the wrist. But these three conditions don’t apply to Deutsche Bank.
“Where’s the Money Gone?” Rescue of Spain’s Biggest-Ever Corporate Bankruptcy Stumbles in Mexico by Don Quijones • Sep 15, 2016 • 12 Comments Fleeced Mexican investors left railing against big banks and hedge funds.
“Crazy Things” Happen with Bond Math at ZIRP & NIRP by Contributor • Sep 14, 2016 • 13 Comments Cross Asset Contagion & High Volatility in Manipulated Markets.
After Donating 4 Times to Hillary’s Campaign, Fed Governor Tries to Prop up the “Financial Markets” by Wolf Richter • Sep 13, 2016 • 35 Comments Angling for the job of Treasury Secretary in the Clinton administration?
Fed Dove Frets about Asset Bubbles, Wall Street Freaks out by Wolf Richter • Sep 10, 2016 • 32 Comments The Fed hawks don’t matter. The doves do!
Dell-EMC to Lay Off 2,000 – 3,000 US Workers after Requesting 5,000 H-1B Visas & Green Cards to Import Foreign Workers by Wolf Richter • Sep 9, 2016 • 108 Comments Trying to find efficiencies and synergies to save $1.7 billion.
“Tech” Paid $5 Billion in Fees to Wall Street in 2016, and Look What it Got for it by Wolf Richter • Sep 8, 2016 • 27 Comments Most often it just leads to more shut-downs, write-offs, and layoffs.
The Great Debt Unwind Beneath the Surface: US Commercial Bankruptcies Soar by Wolf Richter • Sep 7, 2016 • 52 Comments They’d believed in six years of Wall Street hogwash. Now reality sets in.