ECB’s NIRP-Forever Policy “Destroys Banks’ Profitability Equation”: Bankia CEO. Spanish Banks Reel. Problems Stack Up by Nick Corbishley • Jul 30, 2019 • 47 Comments Spain’s Big Five banks (already down from the Big Six) could soon be four.
Fake Cash & Fake Accounting: Chinese Regulators Suddenly Halt 46 IPOs and Bond Offerings by Wolf Richter • Jul 29, 2019 • 83 Comments The companies are clients of China’s 2nd largest audit firm, now under investigation.
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression by Wolf Richter • Jul 28, 2019 • 115 Comments In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.
Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls by Nick Corbishley • Jul 28, 2019 • 42 Comments Construction industry has worst month since 2006, fourth month in a row of declines.
The Companies with the Most Debt in America by Wolf Richter • Jul 26, 2019 • 129 Comments The concentration of corporate debt: The top 48.
I Hope the Fed Won’t See This: Red-Hot Consumer Spending Powers GDP Growth by Wolf Richter • Jul 26, 2019 • 97 Comments Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cut already low rates, it’s now.
World Trade in Face of Tariffmageddon, Trade Wars & Manufacturing Slowdown by Wolf Richter • Jul 25, 2019 • 70 Comments Consumers and companies keep plugging, the world has not come to an end.
I Got it, Nothing Matters. Tesla, Boeing, Other Stocks: It’s Like the Whole Market Has Gone Nuts by Wolf Richter • Jul 24, 2019 • 274 Comments Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality.
Up to Their Neck in Inventory, Homebuilders Cut Prices to November 2015 Level to Boost Sales by Wolf Richter • Jul 24, 2019 • 64 Comments Making deals where the buyers are. And the buyers are at lower price points.
Californians Sour on Tesla Model S and Model X by Wolf Richter • Jul 23, 2019 • 101 Comments In their most important US market, the plunge in registrations far outpaced their already stunning global decline. Which opens a whole new question.
