All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money by Don Quijones • Feb 26, 2019 • 51 Comments The banks claim they’re complying with anti-money laundering regulations.
Oops, Imports by China, Emerging Asia Plunge Most Since 2008 by Wolf Richter • Feb 26, 2019 • 71 Comments These unsettling tidbits about sudden problems on the demand-side in China.
Inventory Pileup Sounds Alarm for Goods-Based Economy by Wolf Richter • Feb 25, 2019 • 61 Comments “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics.
Consequences of “Leaving Interest Rates Very Low for a Long Time”: Bank of Canada Governor Poloz by Steve Saretsky • Feb 25, 2019 • 40 Comments A litany of problems, from too much debt to deflating housing bubbles in Vancouver and Toronto.
“New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets by Don Quijones • Feb 23, 2019 • 53 Comments French banks are heavily exposed to Italy.
Carmageddon for Ford in the US, China, and Europe by Wolf Richter • Feb 22, 2019 • 102 Comments The New Emissions & Fuel-Economy Cheating Scandal is just a Dimple.
Disorderly Brexit Increasingly Likely, EU Blinks on Derivatives-Clearing in London by Don Quijones • Feb 22, 2019 • 65 Comments No one can afford even the smallest hiccup in derivatives.
The US Housing Market Begins to Feel the Pain by Wolf Richter • Feb 21, 2019 • 135 Comments Fact is, home prices cannot outrun wages forever.
What the Fed Actually Said About Ending the QE Unwind by Wolf Richter • Feb 21, 2019 • 42 Comments A plan is forming with a slow-motion component, and everyone wants to get rid of MBS
