Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street by Wolf Richter • Jan 9, 2015 • 8 Comments The industry is drunk with its own enthusiasm.
Oil-Bust Bloodletting: Projects Cancelled, Layoffs Ripple to Other Areas, Default Hits Private-Equity and Pension Funds by Wolf Richter • Jan 7, 2015 • 10 Comments The “most reliable profit driver” has “abruptly turned sour.”
Consumer Companies Issue Most Negative Guidance Ever, Despite Lower Gasoline Prices by Wolf Richter • Jan 6, 2015 • 16 Comments But the oil-price crash was supposed to goose consumer spending.
What Macau Just Said About China’s Economy by Wolf Richter • Jan 3, 2015 • 6 Comments The worst plunge in its history after years of phenomenal growth.
Worst Currency in 2014? (One You Might Actually Use) by Wolf Richter • Dec 31, 2014 • 7 Comments It left terrible value destruction in its wake. But it wasn’t the ruble.
Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin by Wolf Richter • Dec 30, 2014 • 8 Comments The toxic mix of financial engineering and an oil-price collapse.
Last Time Inflated Home Prices Strangled Sales Like This, the Housing Market Crashed by Wolf Richter • Dec 29, 2014 • 15 Comments The bitter irony of the Fed’s handiwork.
Elegantly Soaring Dollar to Hit “Air Pocket” in 2015, Slated for Long-Term Decline by Wolf Richter • Dec 28, 2014 • 10 Comments “Whenever a consensus is so unanimous, our gut tells us it’s wrong” – BlackRock
How Asset Manager BlackRock Gave Me the Willies About 2015 by Wolf Richter • Dec 26, 2014 • 5 Comments “Financial instability” is a euphemism for “crash.”
Fight Breaks Out Over Your Absolutely-No-Privacy-Ever Car by Wolf Richter • Dec 24, 2014 • 8 Comments “We’re unwrapping the best holiday gift we could’ve imagined,” Google gushed. Automakers beg to differ. You’re not even asked.
