Welcome to Dystopia: My Life Under Lockdown in Spain by Nick Corbishley • Mar 17, 2020 • 100 Comments Most importantly, we have our health (touch wood) and each other.
Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19 by Nick Corbishley • Mar 15, 2020 • 48 Comments Local governments end up buying dying malls to keep them from becoming dead zones.
First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt by Nick Corbishley • Mar 12, 2020 • 48 Comments Oops, the rot runs even deeper than Muddy Waters could have imagined.
I Live in Italy’s “Orange Zone”: What it’s Like Inside the Lockdown by MC01 • Mar 11, 2020 • 161 Comments Not so locked down. But there are real consequences for people and businesses.
European Bank Stocks Collapse to March 2009 & 1988 Levels by Nick Corbishley • Mar 10, 2020 • 64 Comments Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.
Tourism is 10% of GDP in France, 13% in Italy, 15% in Spain. And Now it’s in Free Fall by Nick Corbishley • Mar 7, 2020 • 232 Comments “If the situation of generalized panic continues, thousands of businesses, especially small ones, will first enter a liquidity crisis, then close their doors.”
Just How Bad Is It Going to Get for US Airlines? by Wolf Richter • Mar 2, 2020 • 123 Comments “We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended by Nick Corbishley • Feb 29, 2020 • 72 Comments “Even more damning than our initial report”: Carson Block of Muddy Waters.
So That’s the End for Air Italy. And More Airline Money-Pits by MC01 • Feb 22, 2020 • 77 Comments Throwing good money after bad as a business model.
HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong by Nick Corbishley • Feb 18, 2020 • 55 Comments These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.
