Negative-Yielding Junk Bonds Have Arrived in Europe by Wolf Richter • Jul 9, 2019 • 91 Comments NIRP is systematically rotting out basic brain functionality.
Truck Makers Are Going to Have to Fess Up Soon by Wolf Richter • Jul 9, 2019 • 17 Comments “Orders” of Heavy Trucks Collapsed by 70% but “Sales” Rose to Highest Level Since 2006: There’s a Lag. And Sales Are Next
Update on the Worsening Housing Bust in Vancouver, Canada: Spring Hopes Got Crushed by Wolf Richter • Jul 8, 2019 • 63 Comments But it’s curing a housing crisis where middle-class households are priced out of a market, inflated by rampant international speculation and large-scale money laundering, says BC’s Finance Minister.
Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund by Nick Corbishley • Jul 8, 2019 • 31 Comments Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
THE WOLF STREET REPORT: After All This Money Printing, Where’s the Huge Inflation? by Wolf Richter • Jul 7, 2019 • 113 Comments Oh, it’s here alright.
Boeing, Airbus and Airline Overcapacity in Asia & Europe by MC01 • Jul 7, 2019 • 63 Comments And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show.
Fed Sheds $38 Billion in Treasuries and MBS in June, Dumps MBS at Record Pace, Exceeding “Cap” for First Time by Wolf Richter • Jul 6, 2019 • 93 Comments Where is the Fed’s “U-Turn” that Wall Street promised us?
UK Auto Sales Drop to Five-Year Low in First Half by Nick Corbishley • Jul 5, 2019 • 29 Comments Driven by Diesel Death-Spiral, “decline in buyer confidence,” plunging sales of plug-in hybrids. But EV sales soar.
I Just Hope the Fed Doesn’t See This Jobs Report by Wolf Richter • Jul 5, 2019 • 71 Comments Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled.
When the Music of the “Wealth Effect” Stops by Wolf Richter • Jul 4, 2019 • 90 Comments The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
