No, Rate Cuts Were Not Discussed: ECB Insiders Out Draghi as Fabricator & Schemer, and Talk to Reuters by Wolf Richter • Jun 18, 2019 • 58 Comments Draghi’s shenanigans get hilarious, just months before his term ends.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 by Wolf Richter • Jun 15, 2019 • 73 Comments The benefit of NIRP: There’s hell to pay – even the ECB admits it.
UK Government Blew Billions on “Help to Buy” Scheme that Enriched Home Builders and Drove Up Home Prices. Taxpayers on the Hook When Prices Sink, New Report Warns by Don Quijones • Jun 13, 2019 • 17 Comments But it helped high-income people buy homes.
About this Biggest Plunge Since 2002 in Manufacturing in the UK by Don Quijones • Jun 11, 2019 • 30 Comments It was a doozie, but it shouldn’t have come as a surprise. Here’s why.
Another UK Outsourcing Giant Teeters, Collapsed Shares Add to Woes of Woodford Fund that Just Froze Withdrawals by Don Quijones • Jun 5, 2019 • 35 Comments Kier shares are one of the biggest holdings of Woodford Equity Income fund.
US Cleanest Dirty Shirt Among Manufacturing Giants: Germany at Crisis Level. China, Japan, South Korea Contract by Wolf Richter • Jun 3, 2019 • 47 Comments Exports-at-all-costs for economic growth comes home to roost.
Italian Banks Are At It Again, Shares Re-Crushed by Don Quijones • May 29, 2019 • 17 Comments What to do with those messy banks ignites further tensions.
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%.
