Spain Gets Bitter Costly Foretaste of its Beloved Trade Pacts by Don Quijones • Aug 13, 2015 • 8 Comments Ah, the hypocrisy!
Wall Street Sees Junk Bond Collapse, Prepares to Profit from it by Wolf Richter • Aug 13, 2015 • 7 Comments “Maybe this isn’t a great indication of the state of the economy.”
Carlos Slim, World’s 2nd Richest Man, Mexico’s Biggest Oligarch, Master of Slimlandia, Suddenly Loses Billions by Don Quijones • Aug 12, 2015 • 7 Comments What the heck is going on with the fortune that represents 6% of Mexico’s GDP?
All Heck Breaks Loose After Freaked-Out People’s Bank of China Devalues Yuan Again by Wolf Richter • Aug 12, 2015 • 15 Comments Currency War. Asian stocks plunge. Copper, Oil hit multiyear lows.
Big Natural Gas Driller Bites Dust, ‘Smart Money’ Gets Crushed by Wolf Richter • Aug 11, 2015 • 11 Comments All eyes are now on Chesapeake.
People’s Bank of China Freaks Out, Devalues Yuan by Record Amount, Vows to “Severely Punish” Capital Flight by Wolf Richter • Aug 11, 2015 • 18 Comments A “one-time correction,” a PBOC spokesman said, which everyone believed instantly.
Worst Year for Car Sales in Japan since Earthquake by Wolf Richter • Aug 10, 2015 • 6 Comments Abenomics Mauls Japanese Households.
The Oil Train Boom Is Over, Railroads Get Slammed by Oilprice.com • Aug 10, 2015 • 1 Comment Shipments of coal are drying up too.
Airbnb and its Hosts Hung Out to Dry in Barcelona by Don Quijones • Aug 10, 2015 • 11 Comments The Big Shakedown of Airbnb hosts.
China’s Hard Landing Suddenly Gets a Lot Rougher by Wolf Richter • Aug 9, 2015 • 14 Comments “We could see relatively strong downward pressure” – Chinese government.
