The Fed Calls it “Collateral Stripping.” These PE Firms Took it to the Next Level and Just Got Away With It by Wolf Richter • Jun 12, 2019 • 56 Comments Neiman Marcus newest disclosures – and what the crazy-hot IPO market has to do with it.
“The Market is Almost Always Wrong About What the Fed Will Do”: Chart by Wolf Richter • Jun 11, 2019 • 84 Comments The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.
About this Biggest Plunge Since 2002 in Manufacturing in the UK by Don Quijones • Jun 11, 2019 • 30 Comments It was a doozie, but it shouldn’t have come as a surprise. Here’s why.
Was this the Very Minute of Peak-Insanity in IPO Stocks? by Wolf Richter • Jun 10, 2019 • 184 Comments Those who bet on the most obvious short in the history of mankind got the heads handed to them.
The Countries with the Most Monstrous Corporate Debt Pileups: US Fizzles in 24th Place! Canada Shines in 11th Place by Wolf Richter • Jun 10, 2019 • 73 Comments China’s corporations deleverage, forced or otherwise.
Used-Car Wholesale Prices Surge, Retail Volume Drops. New Cars Sink Deeper into Carmageddon by Wolf Richter • Jun 8, 2019 • 90 Comments Six charts on the used-vehicle market, plus my “Chart of Carmageddon” for new vehicles.
A ‘’Gusher Of Red Ink’’ for US Shale by Nick Cunningham • Jun 8, 2019 • 34 Comments Over 170 shale companies have declared bankruptcy since 2015, affecting $100 billion in debt, including 8 bankruptcies already this year.
Amazon Gets Booted by FedEx by Wolf Richter • Jun 7, 2019 • 124 Comments FedEx has had it with Amazon’s tactics. Ecommerce draws up new battle lines – in the transportation sector.
Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk by Don Quijones • Jun 7, 2019 • 25 Comments President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”
Fed Balance Sheet Drops by $42 Billion in May, Sheds MBS at Fastest Pace, Starts the Reverse of Operation Twist by Wolf Richter • Jun 6, 2019 • 56 Comments But where the heck is the “U-Turn?”