ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge by Don Quijones • Aug 10, 2018 • 84 Comments Turkish lira in free-fall, down 18% in two days.
The Eurozone’s “Doom Loop” Re-Grips Italian Banks by Don Quijones • Aug 9, 2018 • 21 Comments Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks.
UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse by Don Quijones • Aug 3, 2018 • 36 Comments Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.
Consumer Debt Suddenly Surges in Spain, Banks Love it, But Regulators Begin to Fret by Don Quijones • Aug 2, 2018 • 15 Comments Bad habits die hard.
“Hidden Debt Loophole Could be Widespread”: Fitch by Wolf Richter • Jul 30, 2018 • 87 Comments Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion.
The EU Backs Off its War on Cash. Here’s Why by Don Quijones • Jul 30, 2018 • 47 Comments People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.”
Banco Sabadell Begins to Pay the Price for TSB’s Self-Inflicted IT Fiasco by Don Quijones • Jul 27, 2018 • 20 Comments The horribly botched IT upgrade hits the income statement.
Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona by Don Quijones • Jul 26, 2018 • 27 Comments The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
“Cliff Edge” Brexit Threatens $34 Trillion of Derivative Contracts: UK Regulator by Don Quijones • Jul 24, 2018 • 43 Comments A high-risk blinking contest no one wants to lose.
Which Yield Curve “Inverts” First? US, Japan, Germany, or China? by Wolf Richter • Jul 20, 2018 • 77 Comments How the “Yield Curves” Stack Up in central-bank manipulated bond markets.
