Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale by Don Quijones • May 29, 2017 • 7 Comments Spain’s sixth largest bank “itself cannot at this point make a rough calculation” of what its value is, “and if they can’t, neither can we.”
Why I think Stocks Won’t Crash Spectacularly but May Zigzag Lower in Agonizing Ups-and-Downs, Possibly for Decades by Wolf Richter • May 28, 2017 • 120 Comments Worst-case scenario ahead.
Mexico’s Economy Reels from a Blast from the Past by Don Quijones • May 27, 2017 • 35 Comments Inflation suddenly takes off.
Are Markets Blowing off the Fed? by Wolf Richter • May 26, 2017 • 58 Comments A stock or bond market tantrum might stop the Fed in its tracks. But the opposite is happening.
Sears Revenues Plunge, to Hit Zero in 3 Years, Shares Jump by Wolf Richter • May 25, 2017 • 80 Comments The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.
Will these 2 Forces Crush San Francisco’s Housing Bubble? by Wolf Richter • May 25, 2017 • 94 Comments The signs and numbers are already lining up.
All Heck Breaks Loose in Toronto’s House Price Bubble by Wolf Richter • May 24, 2017 • 123 Comments “It’s fear.”
Catalonia Threatens Spain with “Financial Bloodbath” by Don Quijones • May 24, 2017 • 85 Comments Catalonia’s independence would set off Spain’s debt time-bomb.
“Is Inflation Understated” in Canada? You Bet: National Bank by Wolf Richter • May 23, 2017 • 29 Comments This is how.
Liar Loans Dog Subprime Auto-Loan-Backed Securities by Wolf Richter • May 23, 2017 • 51 Comments Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s