U.S. Stocks at the Swiss National Bank Balloon to Record: Gains, Bought, Sold, and How it Keeps that Racket Going by Wolf Richter • Aug 5, 2020 • 151 Comments The SNB Top 40. As long as the SNB can bamboozle global speculators into chasing after the incredibly watered-down tiny Swiss franc…
Why’s the ECB Buying the Debt of So Many Non-EU Companies? by Nick Corbishley • Aug 4, 2020 • 42 Comments “Companies from outside the euro zone are setting up vehicles to issue debt in euros and thereby qualify for the ECB’s purchase programs.”
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss by Nick Corbishley • Jul 29, 2020 • 23 Comments Too-Big-To-Fail Santander is also one of Eurozone’s worst capitalized banks.
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge by Nick Corbishley • Jul 28, 2020 • 51 Comments Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
Work-from-Home Unleashes Nightmare for Office Landlords & Surrounding Businesses. Global Banks at the Forefront by Nick Corbishley • Jul 22, 2020 • 118 Comments “There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past”: Barclays CEO. And companies are following through.
Streets and Plazas in Barcelona Still Eerily Quiet as Covid-Chaos Upends Tourism by Nick Corbishley • Jul 16, 2020 • 66 Comments “Everybody’s drinking beer as if there were no tomorrow, but my bar can barely survive off beer sales alone,” says Yahya, owner of my favorite bar.
These Airlines, Financial Black Holes for Years, Now Face the Pandemic by MC01 • Jul 13, 2020 • 58 Comments Dogged by everything from bloated costs to corruption.
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time? by Nick Corbishley • Jul 12, 2020 • 217 Comments Europe may be about to find out. 128 days with my Mother-in-Law.
As the Biggest Restaurant Chains in the UK Fall into Bankruptcy, Attention Turns to KKR & Other PE Firms that Own Them by Nick Corbishley • Jul 4, 2020 • 73 Comments PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.
UK House Prices in June Fall for First Time Since 2012, Mortgage Approvals Slump to Record Low Despite Reopening by Nick Corbishley • Jul 1, 2020 • 13 Comments Still waiting for the “Pent-up Demand.”