Three External Tailwinds Turn into Headwinds for Spain’s Economy by Don Quijones • May 17, 2018 • 11 Comments With impeccable timing, all at the same time.
Brick & Mortar Meltdown Pummels These Stores the Most by Wolf Richter • May 17, 2018 • 90 Comments Only about half of retail is under attack from e-commerce, but that half is getting crushed.
Will the New Fed Get Rid of All its Mortgage-Backed Securities? That Seems to be the Plan by Wolf Richter • May 16, 2018 • 53 Comments The Fed shouldn’t be getting into “allocating credit.”
Argentina’s Crisis Gets Kicked Down the Road, but at What Cost? by Wolf Richter • May 16, 2018 • 22 Comments The peso drops again, inflation surges, nothing is fixed.
Does WeWork at All? by John McNellis • May 16, 2018 • 46 Comments The CEO is selling that $20 billion valuation to a lot of smart, rich guys. But WeWork’s entities are known as SPE’s (“Screwing Probably Expected”), and landlords will be the first to go down.
But Who the Heck Bought the $1.2 trillion in New US Debt Over the Past 12 Months? by Wolf Richter • May 16, 2018 • 70 Comments Japan systematically dumps US Treasuries while China hangs on.
US Treasury 10-Year Yield Breaks Out, Mortgage Rates Jump to Highest in 7 Years by Wolf Richter • May 15, 2018 • 35 Comments But no blood in the streets. Just a rate-hike cycle at work.
Why Rising Gasoline Prices Won’t Cut into Consumer Spending by Wolf Richter • May 15, 2018 • 102 Comments Despite the hand-wringing in the headlines.
Strange Things Are Happening in Mexico’s Banking System by Don Quijones • May 14, 2018 • 15 Comments Rumors and denials proliferate, as millions of pesos disappear.
Global QE Dream Ends, ECB Sees Rate Hikes, “Normalization” Becomes a Thing by Wolf Richter • May 14, 2018 • 32 Comments The Fed leads, the ECB follows.