THE WOLF STREET REPORT: Snapback Bloodletting in the Overripe Bond Market by Wolf Richter • Sep 15, 2019 • 65 Comments The 10-year Treasury yield rips. Unstoppable negative yields become stoppable.
Who’ll Rescue Thomas Cook, the Collapsing Vacation-Travel-Airline Giant with 21,000 Employees? by Nick Corbishley • Sep 13, 2019 • 43 Comments Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?
Palace Revolt at the ECB, Legitimacy of Policy out the Window by Wolf Richter • Sep 12, 2019 • 157 Comments Draghi’s desperate shenanigans thicken.
Contagion from Liquidity Crunch at Junk-Bond Funds to Trigger “Material Second Round Effects”: EU Securities Regulator by Nick Corbishley • Sep 7, 2019 • 31 Comments The cost of dodging negative interest rates.
Woodford’s Shuttered Fund Crushed Further by Plunging Stocks in its Holdings, such as Muddy-Waters Target Burford Capital by Nick Corbishley • Aug 26, 2019 • 39 Comments Hedge funds have field day front-running the liquidation. 300,000 investors left twisting in the wind.
World Trade Skids for First Time Since Financial Crisis by Wolf Richter • Aug 25, 2019 • 56 Comments Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.
Liquidity Crunch Mangles UK Equity & Real Estate Funds by Nick Corbishley • Aug 24, 2019 • 43 Comments Exodus from funds with illiquid assets forces funds to block redemptions.
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed by Nick Corbishley • Aug 9, 2019 • 43 Comments This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
Financial World Gone Nuts: $15 Trillion Negative Yielding Debt by Wolf Richter • Aug 6, 2019 • 170 Comments 12 countries with negative 10-year yields. A race to hell.
Investor Sentiment Goes to Heck After Draghi’s Easing Promise by Nick Corbishley • Aug 6, 2019 • 27 Comments Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.
