Trucking Swerves Deep into Slump, from Red-Hot Boom. Smaller Truckers Hit Hardest by Wolf Richter • Jun 18, 2019 • 40 Comments Freight shipments dropped the most since Nov 2009.
Cesspool of Corruption Odebrecht Files for Bankruptcy, Largest Ever in Latin American History by Don Quijones • Jun 18, 2019 • 21 Comments The Brazilian conglomerate’s rot was revealed by Operation Car Wash, leading to imprisonment of political and business figures across Latin America.
Who Bought the Nearly $1 Trillion of New US Government Debt over the Past 12 Months? by Wolf Richter • Jun 17, 2019 • 74 Comments The Fed & China dumped. But there was huge demand elsewhere. Here’s who bought.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
THE WOLF STREET REPORT by Wolf Richter • Jun 16, 2019 • 47 Comments Normal Americans, the Existential Threat for Retailers.
Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 by Wolf Richter • Jun 15, 2019 • 73 Comments The benefit of NIRP: There’s hell to pay – even the ECB admits it.
My Perspective on the Murk of Official Retail-Sales Inflation, with Some Surprising Illustrations by Wolf Richter • Jun 14, 2019 • 109 Comments My couch, jeans, car, PC, sheets, and phone weigh in on globalization and the internet.
The State of the Canadian Debt Slaves, and How They Compare to the American Debt Slaves by Wolf Richter • Jun 13, 2019 • 107 Comments This, despite still ultra-low interest rates and highest disposable income ever.
UK Government Blew Billions on “Help to Buy” Scheme that Enriched Home Builders and Drove Up Home Prices. Taxpayers on the Hook When Prices Sink, New Report Warns by Don Quijones • Jun 13, 2019 • 17 Comments But it helped high-income people buy homes.
Walmart’s Desperate $3.3 Billion Acquisition of Jet.com Fails. But it Now Discloses its US Online Sales, and They’re Big by Wolf Richter • Jun 13, 2019 • 60 Comments Ecommerce is an existential threat to Walmart, and it’s furiously trying to get on top of it, whatever the cost may be.