365 Days With My Mother-in-Law: Boots on the Ground View of Barcelona’s Economy by Nick Corbishley • Mar 7, 2021 • 76 Comments It remains in a state of suspended animation.
Looking on the Bright Side of Brexit, 60 Days In by Nick Corbishley • Mar 1, 2021 • 84 Comments The hard Brexit has compounded pressures on many UK industries, but some key positives have started to emerge.
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History by Nick Corbishley • Feb 25, 2021 • 43 Comments Biggest beneficiaries of the now scuttled rescue plan would have been private equity firm KKR and Banco Santander.
The Growing Pains of Brexit, 50 Days In by Nick Corbishley • Feb 23, 2021 • 121 Comments The crucial services exports, manufacturing exports and imports, the arts & entertainment industry, fishing industry… it’s a mess.
Owner of Westfield, Buckling under $32 Billion in Debt, Plans to Dump its US Malls After Huge Losses by Nick Corbishley • Feb 12, 2021 • 95 Comments “A management team that remains prisoner of its failed strategy that started with the acquisition of Westfield.”
Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato by Nick Corbishley • Jan 23, 2021 • 135 Comments Traffic down 95%. To run out of money by April.
Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control by Wolf Richter • Jan 19, 2021 • 186 Comments This is not your grandmother’s “yield curve control.” There is only one thing that could force this ECB absurdity to end: a big bout of inflation.
Flammable-Cladding Crisis in Residential Towers: The UK’s Housing Nightmare with “Mortgage Prisoners” by Nick Corbishley • Jan 15, 2021 • 110 Comments And who is going to pay? In the twisted world of “leaseholders” and “freeholders.”
“Keeping a Business Alive that’s Generating No Revenues is an Uphill Struggle”: Friend and Hostel Owner in Barcelona. An Industry Collapses by Nick Corbishley • Jan 9, 2021 • 168 Comments Bankruptcies, glut of hotels for sale, few buyers, prices plunge. Nobu, de Niro, and Teper take big loss on sale of luxury hotel Nobu Barcelona that was open for only six months.
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline by Wolf Richter • Dec 31, 2020 • 299 Comments Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
