Cyclical Heavy-Truck Industry Soars to Cloud 9 by Wolf Richter • Aug 8, 2018 • 23 Comments “It is a bizarre occurrence and it will not be resolved soon.”
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets by Don Quijones • Aug 7, 2018 • 32 Comments Too little, too late?
This is Precisely Why I’ve Been Saying: Don’t Short Tesla or Anything in This Crazy Market by Wolf Richter • Aug 7, 2018 • 157 Comments CEO goes nuts, spaghetti-code algos & consensually hallucinating humans lap it up.
Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams by Wolf Richter • Aug 6, 2018 • 73 Comments This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
Uncertainty Grips Troubled Pemex, World’s Most Indebted Oil Company by Don Quijones • Aug 6, 2018 • 17 Comments “Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico itself.
It Just Doesn’t Let Up with Wells Fargo by Wolf Richter • Aug 6, 2018 • 82 Comments A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
Could California Flame Out? by John McNellis • Aug 5, 2018 • 112 Comments High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
Housing Bubbles Are Dangerous, That’s Why Canada is Finally Trying to Tamp Down on Them. And the US? by Wolf Richter • Aug 4, 2018 • 30 Comments The underlying dynamics are similar, but the approach is different.
Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver? by Wolf Richter • Aug 4, 2018 • 46 Comments But there’s a bottom for everything.
UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse by Don Quijones • Aug 3, 2018 • 36 Comments Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.