Oops, It’s Starting, Says This Chart from the FDIC by Wolf Richter • May 23, 2018 • 87 Comments And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.”
What Will Surging Mortgage Rates Do to Housing Bubble 2? by Wolf Richter • May 23, 2018 • 93 Comments The impact on home buyers, and the market, in dollars and cents.
Where the Debt Slaves Are the Most Vulnerable by Wolf Richter • May 22, 2018 • 103 Comments I’m shedding a different light on consumer debt.
China’s ‘Social Credit Score’ Blacklists People for Bad Behavior (Who Decides?) by Safehaven • May 22, 2018 • 61 Comments Forget getting on a plane or high-speed train. It’s based on character and concocted from big data and artificial intelligence algos.
Furious Customers Leave in Droves after Botched IT Revamp at UK Bank TSB as Nightmare Drags on for a Month by Don Quijones • May 22, 2018 • 32 Comments “It is unacceptable for banks not to keep our accounts safe.”
Freight Costs, Volume, Demand All Surge across Trucking & Rail, Inflation Fears Heat Up by Wolf Richter • May 21, 2018 • 88 Comments The Transportation Boom after the Transportation Recession.
Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge” by Wolf Richter • May 21, 2018 • 93 Comments ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
Graphic Details of the Crazy Housing Bubble in San Francisco, According to Zillow by Wolf Richter • May 20, 2018 • 130 Comments Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.”
Credit Card Delinquencies Spike Past Financial-Crisis Peak at the 4,788 Smaller US Banks by Wolf Richter • May 18, 2018 • 84 Comments Subprime is calling.
Internet Dominates Advertising in the US, But Only 2 Companies Divvy up 60% of the Spoils by Wolf Richter • May 18, 2018 • 84 Comments TV falls further behind, suffers first ad revenue decline since Financial Crisis.