Just How Wildly Exuberant is the Junk-Credit Market? by Wolf Richter • Sep 18, 2018 • 42 Comments This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
7 Things that Did Not Happen to Tesla after the Friday-Night Deal-Massacre by Wolf Richter • Aug 27, 2018 • 71 Comments You’ve got to hand it to Musk.
Alibaba’s 20-F Annual Report… Financial Comedy Gold!! by Deep Throat IPO • Aug 14, 2018 • 48 Comments In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history.
Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams by Wolf Richter • Aug 6, 2018 • 73 Comments This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
It Just Doesn’t Let Up with Wells Fargo by Wolf Richter • Aug 6, 2018 • 82 Comments A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
“Hidden Debt Loophole Could be Widespread”: Fitch by Wolf Richter • Jul 30, 2018 • 87 Comments Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion.
“That’s a Super Dangerous Place to Be”: CEO of JPMorgan Asset Management by Wolf Richter • Jul 18, 2018 • 61 Comments When central banks distort the markets, risk disappears from view.
“Yield-Curve Inversion” Consensus Rouses Contrarian in Me by Wolf Richter • Jul 17, 2018 • 65 Comments Markets have a way of blowing this type of consensus out of the water.
PwC Hit with $625 Million in Damages for Negligence in Bank-Fraud Case Brought by the FDIC by Wolf Richter • Jul 2, 2018 • 63 Comments When it gets too complicated for senior auditors, send in a “college-aged intern.”
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” by Wolf Richter • Jun 17, 2018 • 62 Comments As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
