Once storied, now sprawling TBTF HSBC has started a big retrenchment in the face of mounting business woes. Is it the canary in the coal mine?
Read more...Count on Wall Street to find a profit angle in actual or pending disaster. Green bonds are becoming a hot idea.
Read more...Dissecting how Uber spun its 2019 financial reports. The actual results continue to be ugly, with no path to profit.
Read more...An oddly neglected paper gives an idea of how much rentier capitalism has distorted the US economy.
Read more...Identifying likely economic road kill from the coronavirus outbreak.
Read more...Fed tightening is no longer needed to create recessions, given fragile credit structures and a growing pandemic out of China.
Read more...Shed a crocodile tear for investors in student loans: they are sometimes discomfited by short-lived downgrades when loan maturities are pushed out.
Read more...Yves here. As readers know well, on the one hand, services and not manufacturing dominate the US economy. But manufacturing jobs, even now, are relatively well paid and manufacturing growth is often seen as having spillover effects. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street US manufacturing took a turn from […]
Read more...Yves here. I’m clearly not in touch. I am surprised that this finding, that credit booms predict equity busts, is novel. Of course, given that manias last way longer than cooler heads deem possible, judging the peak of a credit cycle is tricky business. Nevertheless, when a wee summer associate at bond trading powerhouse Salomon […]
Read more...Freight volumes have traditionally served as a measure of economic activity. What do they say now?
Read more...Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.
Read more...The press is finally becoming skeptical of private equity’s claims that it generates superior returns, demonstrated by a Monday Wall Street Journal story, Private-Equity Cash Piles Up as Takeover Targets Get Pricier1 and a Bloomberg article yesterday, ‘Peak’ Private-Equity Fears Are Spreading Across Pension World. This follows a Mark Hulbert piece in MarketWatch, whose title […]
Read more...CEOs are cashing out….an early warning?
Read more...Uber manages to bleed even more cash.
Read more...Trying to predict the financial future is a fool’s errand, even for a genius.
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