Busted Housing Bubble 1 Morphs into Housing Bubble 2 in Spain? by Wolf Richter • May 27, 2019 • 28 Comments Madrid, Barcelona, other markets are well on their way. But some markets are still crushed.
Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China by Don Quijones • May 21, 2019 • 22 Comments China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.
Deutsche Bank Death Spiral Hits Historic Low. European Banks Get Re-Hammered by Wolf Richter • May 20, 2019 • 50 Comments Just bumping along the bottom, from hopeless to hope and back to hopeless.
Vacation Giant & Airline Thomas Cook Verges on Collapse by Don Quijones • May 17, 2019 • 32 Comments Citi Group analysts slashed their price target to zero.
UK Banks Double Down on High-Risk Mortgage Products to Prop Up Housing Market by Don Quijones • May 16, 2019 • 50 Comments Like the mortgage crisis never happened.
After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust by Don Quijones • May 13, 2019 • 28 Comments This time it’s about the safe deposit boxes at Metro Bank.
Perhaps It’s Time to Start Worrying About Global Corporate Debt, Suggests Bank of England by Don Quijones • May 8, 2019 • 18 Comments Chinese corporate defaults this year through April are 3.4 times the amount last year.
Businesses in “Critical Distress,” Bankruptcies Surge in the UK by Don Quijones • May 7, 2019 • 21 Comments “Zombie firms,” kept alive by low interest rates, account for up to 14% of UK companies.
Manufacturing and Services Out of Sync, Not Just in the US by Wolf Richter • May 6, 2019 • 68 Comments Goods producing economy suffers globally. Services expected to keep it all taped together.
Global Foreign Direct Investment Flows Collapse by Don Quijones • May 2, 2019 • 28 Comments More and more companies either choose not to invest in other countries or are prevented from doing so.
