ECB Reacts (Unofficially) to NIRP’s Revenge in Italy by Wolf Richter • May 30, 2018 • 43 Comments Bond turmoil, no problem. But if Italy doesn’t stick to the rules, the ECB might let the bonds go, “safeguard the remaining Eurozone members,” and “merely control the disaster.”
NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades by Wolf Richter • May 29, 2018 • 74 Comments Markets wail and gnash their teeth as “normalization” of Italian yields sets in.
Update on the Most Splendid Housing Bubbles in America by Wolf Richter • May 29, 2018 • 114 Comments Some beautiful spikes too.
“For New Money Only”: Banks Fight for Deposits, But if You Don’t Jump Through Hoops, You Get “Punishment Rates” by Wolf Richter • May 28, 2018 • 60 Comments HSBC makes it official.
The Engines of the Largest Container Ships in the World, and Challenges their Manufacturers Face by MC01 • May 28, 2018 • 101 Comments Three companies dominate the market for these huge “low-speed” two-stroke diesel engines.
Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks) by Don Quijones • May 27, 2018 • 74 Comments “Doom loop” begins to exact its pound of flesh.
Is This the Next Big Retailer to Melt Down? Its Bonds Crashed by Wolf Richter • May 25, 2018 • 102 Comments It was bought out by a PE firm, saddled with $8 billion in debt, and grapples with its fate.
US Gasoline Exports Surge, as Price Hits $3 for Memorial Day, $3.69 in California by Wolf Richter • May 25, 2018 • 81 Comments Business is business.
Riskiest Junk Bonds Still Blissful in La-La Land, High-Grade Bonds Bleed. Apple’s Fault? by Wolf Richter • May 24, 2018 • 24 Comments The Fed will keep tightening until these junk bonds buckle.
Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall? by Don Quijones • May 24, 2018 • 28 Comments Blackstone Group, Cerberus Capital Management, and others face a problem.