Bank of Japan Ends its Massive QE that Started when Abenomics Became Economic Religion of Japan by Wolf Richter • Sep 7, 2021 • 85 Comments One of the largest central banks ends QE. End of an era for Japan: Large-scale money printing was one of the three official legs of Abenomics.
Korea & Iceland Kick off Rate-Hike Cycle in Developed Economies after Shock-and-Awe Rate Hikes in Russia, Brazil by Wolf Richter • Aug 26, 2021 • 88 Comments Soaring home prices have become a thorny political issue for Korea’s government, facing a frustrated and angry middle class.
Bank of Canada Cuts Bond Purchases for 3rd Time, Bank of New Zealand Stops QE Cold-Turkey, Citing Housing Bubble in “Least Regrets Policy,” Following a Slew of other Central Banks by Wolf Richter • Jul 14, 2021 • 150 Comments Why is the Fed so far behind the curve? Other central banks are now making room for “persistent” inflation.
The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate by Wolf Richter • Jul 5, 2021 • 208 Comments Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
Spiking Inflation, Rate Hikes, and Debt Defaults in Latin America by Nick Corbishley • May 15, 2021 • 145 Comments Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don’t want to see it again.
Google, Ad Tech, and the Gutting of the News Publishers by Wolf Richter • Mar 10, 2021 • 241 Comments So now we have another gutting, this time at the HuffPost, and omertà reigns.
SoftBank Fintech Unicorn Greensill on Verge of Collapse by Nick Corbishley • Mar 4, 2021 • 77 Comments A massive murky mess of supply-chain finance, amid criminal allegations against the management of its German bank subsidiary, with wide repercussions.
Owner of Westfield, Buckling under $32 Billion in Debt, Plans to Dump its US Malls After Huge Losses by Nick Corbishley • Feb 12, 2021 • 95 Comments “A management team that remains prisoner of its failed strategy that started with the acquisition of Westfield.”
Largest US Mall Landlord Simon Property Group Sent Jingle Mail to Deutsche Bank Which Foreclosed on Mall, But Got No Bids by Wolf Richter • Feb 4, 2021 • 129 Comments Becoming a prolific jingle-mailer to dump malls. Holders of CMBS eat the losses.
Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control by Wolf Richter • Jan 19, 2021 • 186 Comments This is not your grandmother’s “yield curve control.” There is only one thing that could force this ECB absurdity to end: a big bout of inflation.