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.
UK Auto Production Plunges to 7-Year Low on Slumping Global Demand & “No Deal” Brexit Fears by Nick Corbishley • Aug 2, 2019 • 50 Comments Investment in the auto sector grinds to a halt.
ECB’s NIRP-Forever Policy “Destroys Banks’ Profitability Equation”: Bankia CEO. Spanish Banks Reel. Problems Stack Up by Nick Corbishley • Jul 30, 2019 • 47 Comments Spain’s Big Five banks (already down from the Big Six) could soon be four.
World Trade in Face of Tariffmageddon, Trade Wars & Manufacturing Slowdown by Wolf Richter • Jul 25, 2019 • 70 Comments Consumers and companies keep plugging, the world has not come to an end.
Another UK Fund Just Slammed its Doors Shut on Investors by Nick Corbishley • Jul 19, 2019 • 48 Comments This time, a fund liquidity crisis traps institutional investors, including pension funds.
London Housing Bust: Prices Fall, Sales Plunge to 2009 Level by Wolf Richter • Jul 17, 2019 • 31 Comments Most other regions in the UK cling to price gains.
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 27 Comments Just when European banks need to inspire confidence more than ever.
