Foreign “Smart Money” Frets about Turmoil at Home, Flees, Plows into US Housing Bubble 2, Thinks it’s a “Safe Haven” by Wolf Richter • Aug 21, 2015 • 27 Comments In downtown Miami, foreign buyers account for 90% of condo sales.
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB by Don Quijones • Aug 21, 2015 • 2 Comments Misclassifying shoddy collateral as “ECB-eligible” is a great deal for banks.
The Chilling Thing Smartphone Sales Said about China Debacle by Wolf Richter • Aug 20, 2015 • 17 Comments “Saturation” is the new Economic Reality. But this is Worse.
It Starts: Broad Retaliation Against China in Currency War by Wolf Richter • Aug 20, 2015 • 30 Comments Emerging-Market Debt Crisis on the horizon.
Wall Street is Running out of Time… and Money by Bill Bonner • Aug 19, 2015 • 18 Comments It’s Not Just China You Should Be Worried About.
LEAKED: GM Sees Overcapacity Fiasco in China, Hopes Americans Will Buy Lots of Chinese-Made Buicks by Wolf Richter • Aug 19, 2015 • 21 Comments The start of a tsunami. US “Manufacturing Renaissance” takes another hit.
Greek Stocks Are Down 60% Since Last Summer. Time to Buy? by Wolf Richter • Aug 18, 2015 • Comments Off on Greek Stocks Are Down 60% Since Last Summer. Time to Buy? “The thing is, everyone can’t be a contrarian at the same time.”
Canada “Getting Clocked” by Something Far Bigger than Oil by Wolf Richter • Aug 18, 2015 • 38 Comments The oil price collapse is bad, but this is worse.
Extortion Inc: Spain’s Financial Regulator in the Hot Seat by Don Quijones • Aug 18, 2015 • 2 Comments Forgery, bribery, extortion, threats, money laundering, involvement in organized crime.
Junk-Rated Offshore Drillers Headed into Bankruptcy: Fitch by Wolf Richter • Aug 17, 2015 • 5 Comments After fracking, offshore drilling.