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.
Under Fire, Biggest Brick & Mortar Retailers in Europe Seek Refuge in Cartel Economics by Don Quijones • Jul 18, 2018 • 23 Comments It’s a brutal environment.
Google Bitten by 2nd Antitrust Fine in the EU, $5 billion, Hugest Ever Anywhere. Third Waiting in the Wings by Wolf Richter • Jul 18, 2018 • 84 Comments Android is “a vehicle to cement the dominance of its search engine.”
Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam by Don Quijones • Jul 17, 2018 • 26 Comments Tourism accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems.
“Big Four” Audit Firms Not Amused by Threatened Breakup of their Cozy Oligopoly in the UK by Don Quijones • Jul 14, 2018 • 22 Comments After a series of scandals and sudden corporate collapses.
NIRP Did It: I’m in Awe of How Central-Bank Policies Blind Investors to Risks by Wolf Richter • Jul 13, 2018 • 45 Comments “Reverse-Yankee” Junk Bond Issuance Hits Record.
As Erdogan Cements His Hold Over Turkey’s Economy, Global Investors Begin to Panic by Don Quijones • Jul 11, 2018 • 23 Comments His Toxic Mix: destruction of the lira and a mountain of foreign-currency debt.
