Redemptions Rip Through UK Equity Funds as Fallout from Woodford Collapse Grows by Nick Corbishley • Oct 28, 2019 • 23 Comments In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
THE WOLF STREET REPORT: What Will Stocks Do When “Consensual Hallucination” Ends by Wolf Richter • Oct 27, 2019 • 118 Comments What’s astonishing is how long it lasts.
The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona by Nick Corbishley • Oct 27, 2019 • 65 Comments As separatist region is rocked by violence, businesses sound alarm.
Subprime Auto Loans Blow Up, 60-Day Delinquencies Shoot Past Financial Crisis Peak by Wolf Richter • Oct 25, 2019 • 123 Comments Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities.
SoftBank to Book Loss of up to $7 Billion on WeWork, Uber, Others, after Showering $1.7 Billion on Neumann and Hanging his Employees Out to Dry by Wolf Richter • Oct 24, 2019 • 136 Comments However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
Despite Ultra-Low Mortgage Rates, New House Prices Drop to Multi-Year Low by Wolf Richter • Oct 24, 2019 • 102 Comments Last time prices fell like this was during the Financial Crisis. But now, there is no crisis.
“It’s Different This Time” Takes Root in the Junk-Bond Market Amid Parallels to Post-Lehman 2008 by Wolf Richter • Oct 23, 2019 • 88 Comments And so far, so good.
Here’s What I’m Worried About with the Everything Bubble by Wolf Richter • Oct 23, 2019 • 136 Comments How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.
Why Online Shoppers Face Peculiar Results on Black Friday by Wolf Richter • Oct 22, 2019 • 66 Comments “Dynamic Pricing” Online: Are Prices on Black Friday Actually Good Deals?
Oilfield Services Face Crisis as Shale Slowdown Worsens by Nick Cunningham • Oct 22, 2019 • 37 Comments Shale oil producers are under fire from investors, while most analysts see a supply glut in 2020.