World Trade Skids for First Time Since Financial Crisis by Wolf Richter • Aug 25, 2019 • 56 Comments Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.
Liquidity Crunch Mangles UK Equity & Real Estate Funds by Nick Corbishley • Aug 24, 2019 • 43 Comments Exodus from funds with illiquid assets forces funds to block redemptions.
Near-Record Low Mortgage Rates No Relief for Dropping New House Prices by Wolf Richter • Aug 23, 2019 • 143 Comments Last time was during the Financial Crisis. Now it’s happening in a kinder and gentler way, but there is no crisis.
Suddenly Leveraged Loan Issuance Gets Rough by Wolf Richter • Aug 22, 2019 • 62 Comments Fifth deal croaked in August. Moody’s has a cow over Ancestry.com’s deal. Deals had to be sweetened to find buyers. Retail investors bail out.
Repo Market Problems & Ballooning Inventories of Treasuries at Primary Dealers Make it into the Fed’s Minutes. My Fancy-Schmancy “Fed Hawk-o-Meter” Jumps by Wolf Richter • Aug 21, 2019 • 113 Comments Fed Warns about “Elevated” Asset Prices and High Business Leverage.
How Negative Interest Rates Screw Up the Economy by Wolf Richter • Aug 21, 2019 • 191 Comments Now they’re clamoring for this NIRP absurdity in the US. How will this end?
Canada’s Most Splendid Housing Bubbles, July Update by Wolf Richter • Aug 20, 2019 • 66 Comments Vancouver sags. Calgary, Edmonton down from many years ago. Toronto rises but below 2017 peak. Montreal, Ottawa hit new highs.
How the Ecommerce Boom Crushes “Mall Retailers” One by One by Wolf Richter • Aug 19, 2019 • 129 Comments The segments at the core of the Brick-and-Mortar Meltdown.
HSBC Runs into Buzzsaw in Hong Kong & China, its Home Market Generating 75% of its Profits by Nick Corbishley • Aug 19, 2019 • 24 Comments HSBC’s pleas of innocence have won little sympathy in Beijing.
THE WOLF STREET REPORT: How Negative Interest Rates Screw Up the Economy by Wolf Richter • Aug 18, 2019 • 149 Comments Now they’re clamoring for the NIRP absurdity in the US. How will this end?