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.
What IBM Said about the IT Chaos at UK Bank TSB and Owner Sabadell, Now in its 12th Week by Don Quijones • Jul 10, 2018 • 39 Comments Contracted to fix the fiasco, IBM estimates costs at $1.25 billion: sources. There’s even talk of divorce, after just 3 years of corporate marriage.
Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits by Don Quijones • Jul 7, 2018 • 15 Comments Payback time for the financial sector that was bailed out by taxpayers, the new government thinks.
US Dollar Hegemony Tripped Up by Chinese Renminbi? by Wolf Richter • Jul 1, 2018 • 73 Comments Um, no. Central banks not enthusiastic about the renminbi.
Corporate Brexodus Begins as “No-Deal” Brexit Looms by Don Quijones • Jun 28, 2018 • 31 Comments Potential for ugly consequences, intended or otherwise, is rising.
As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day by Don Quijones • Jun 26, 2018 • 29 Comments The biggest loser: BBVA, Spain’s second biggest bank.
Next Central Bank Puts QE Unwind on the Calendar by Wolf Richter • Jun 21, 2018 • 67 Comments The end of an era spreads.
