Mexico Kicks Off War on its Vast Black Market for Oil by Don Quijones • Jan 1, 2019 • 18 Comments “It’s not easy to distribute and sell the pilfered contents of 600 pipelines each and every day.”
US Dollar Status as Global Reserve Currency? by Wolf Richter • Dec 31, 2018 • 115 Comments To diminish the dollar’s role as a global reserve currency, central banks would have to dump the dollar. So, let’s see.
THE WOLF STREET REPORT by Wolf Richter • Dec 30, 2018 • 74 Comments How the Corporate Debt Bubble Will Crush Stocks.
Carmageddon for New Cars, But Used Cars are Hot by Wolf Richter • Dec 29, 2018 • 119 Comments The price of going upscale: New cars are too damn expensive, and Americans aren’t buying them anymore.
UK Housing Bubble Swoons as Brexit-Day Nears. London Hit Hardest by Don Quijones • Dec 29, 2018 • 34 Comments Rampant unaffordability and a slew of other reasons.
“Leveraged Loans” Bite: Record-Bad Year-End for Loan Mutual Funds & ETFs by Wolf Richter • Dec 28, 2018 • 34 Comments Forced selling in the once red-hot $1.3-trillion “leveraged loan” market.
US Housing Market to Get Uglier in Near Future by Wolf Richter • Dec 28, 2018 • 79 Comments Sales decline to steepen, no respite in sight.
China’s Startup Bubble Runs Aground by Wolf Richter • Dec 27, 2018 • 77 Comments “It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” said Wu Shenghua, founder of one of the collapsed bike-share companies. “It really now seems ridiculous.”
ECB Ends Corporate Bond Buying, and Look What Happens by Don Quijones • Dec 27, 2018 • 17 Comments Companies feel the pain as euro junk-bond yields more than doubled.
Government Shutdown Stops Nasty Housing Data in its Tracks by Wolf Richter • Dec 27, 2018 • 29 Comments Homebuilders, a bedraggled bunch, breathe a sigh of relief, but get crushed anyway.
