President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy” by Don Quijones • Sep 24, 2018 • 36 Comments And why are Bank of Mexico executives and employees resigning in droves?
What I Wrote to the White House about Trade & Tariffs by Wolf Richter • Sep 23, 2018 • 107 Comments That Trump is bungling the debate became clear when he was getting bashed like a sitting duck from all sides: Corporate America, China, the EU, other entities that would lose, and their propaganda outlets in the media.
My Long View of the “Yield-Curve Inversion” by Wolf Richter • Sep 22, 2018 • 73 Comments All bull markets come to an end, even the 35-year Great Bond Bull Market.
It Didn’t Take Long: Abengoa Is Back At It by Don Quijones • Sep 22, 2018 • 29 Comments How to prevent its shares from dropping below €0.01?
Seattle’s Rental Bubble Meets its Inflection Point by Wolf Richter • Sep 21, 2018 • 41 Comments Construction boom, flood of new high-end apartments, not enough demand, rising vacancy rates, and the biggest concessions since the Great Recession.
Multiple Online Banking Systems Go Down in the UK by Don Quijones • Sep 21, 2018 • 54 Comments Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in.
HELOCs in the US & Canada: As “Scarred” Americans Learned Bitter Lesson, Canadians Went Nuts by Wolf Richter • Sep 20, 2018 • 107 Comments Home-equity-loan balances in Canada per capita are now 3.3 times what they were in the US during HELOC peak before it all collapsed.
Disorderly Brexit Would Trigger Mayhem in Derivatives Market by Don Quijones • Sep 20, 2018 • 26 Comments Time is running out. March 29 is the deadline. Urgent action is needed. But it’s not happening.
Mortgage Rates Head to 6%, 10-Year Yield to 4%, Yield Curve Fails to “Invert,” and Fed Keeps Hiking by Wolf Richter • Sep 19, 2018 • 81 Comments Nightmare scenario for the markets? They just shrugged. But homebuyers haven’t done the math yet.
“Abusive” & Draconian Mortgages Are Creating Legal S**t Storm for Spanish Banks by Don Quijones • Sep 19, 2018 • 20 Comments They were supposed to protect banks and punish homeowners in difficulties — but they didn’t prevent banks from collapsing.