A New Stealth Attack in EU’s “War on Cash” by Don Quijones • Dec 10, 2017 • 50 Comments And the definition of “cash” widens.
Enron Déjà Vu? Citi, BofA, HSBC, Goldman, BNP on the Hook as Steinhoff Spirals Down by Wolf Richter • Dec 8, 2017 • 55 Comments $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come.
The Euro Is Not Dead, Claims EU Survey by Don Quijones • Dec 8, 2017 • 44 Comments The mood has shifted.
Bonds Issued by Acquirer of Mattress Firm & Sherwood Bedding Collapse after ECB Buys Them as Part of QE by Wolf Richter • Dec 6, 2017 • 46 Comments Steinhoff’s “accounting irregularities” crush its stock.
Catalonia’s Post-“Independence” Economic Hangover Sets In by Don Quijones • Dec 6, 2017 • 7 Comments Uncertainty, threats, and counter-threats.
The EU (with Help from Germany) just Made Monsanto’s Day by Don Quijones • Nov 28, 2017 • 30 Comments One of Germany’s largest companies is trying to buy Monsanto, which changes everything.
Spain’s Third Biggest Bank Just Made it Harder to Get Cash by Don Quijones • Nov 25, 2017 • 27 Comments War on Cash bogs down, despite best efforts of government, banks, and credit card companies.
Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan? by Wolf Richter • Nov 22, 2017 • 121 Comments Canadians, fasten your seat-belt. Here are the charts.
Could Italy’s Banking Crisis Drag Down Mario Draghi? by Don Quijones • Nov 22, 2017 • 14 Comments Just don’t mention “Antonveneta.”
Spain’s Pension System Hits Crisis Point (and Everyone Ignores it) by Don Quijones • Nov 18, 2017 • 65 Comments But how did things get this bad?
