Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months? by Wolf Richter • Sep 18, 2018 • 83 Comments China, Japan, other foreign investors, the Fed, US government funds? Nope.
Just How Wildly Exuberant is the Junk-Credit Market? by Wolf Richter • Sep 18, 2018 • 42 Comments This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
As of Sep 21, “Credit Freezes” & “Unfreezes” Will Be Free for All Americans by Wolf Richter • Sep 18, 2018 • 35 Comments After the uproar about the Equifax hack, Congress did do something. And credit freezes are now a lot easier to place and lift.
How Millennials Are Shifting the Housing Market by Wolf Richter • Sep 17, 2018 • 102 Comments They’re settling in urban centers. In many ZIP codes, they’re already the majority. And they spend their money on rent.
Meanwhile in China, Implosion of Stock-Market Double-Bubble by Wolf Richter • Sep 17, 2018 • 45 Comments Bubbles don’t end well for those who don’t get out in time.
Gangs of Oil Thieves Expand Their Business Model by Don Quijones • Sep 17, 2018 • 13 Comments Systematic “Petro-Plunder,” as we’ve come to call it, eats into Mexico’s energy sector.
What Can Cause the Next Mortgage Crisis in the US? by Wolf Richter • Sep 16, 2018 • 96 Comments The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in.
Why Have US Electricity Sales Surged in 2018, after Stagnating for Years? by Leonard Hyman and Willian Tilles • Sep 15, 2018 • 54 Comments And why was coal left behind?
Collapse of Outsourcing Giant Carillion May Have Silver Lining by Don Quijones • Sep 15, 2018 • 21 Comments “Cash retentions” by large companies come under attack in the UK.
My “Free” Advice for Sears Holding CEO Eddie Lampert by Wolf Richter • Sep 14, 2018 • 103 Comments “Don’t write any more blog posts to blame pensioners for the collapse of Sears Holding after you wasted $5.8 billion on share buybacks.”