Nick Corbishley

REITs Pull Back from Housing Market in Spain as Rental Boom Runs Out of Gas

“Many families, scratching a living on badly-paid zero-security jobs, just cannot pay the sort of rents many landlords, especially the big funds, have been asking for.”More

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PayPal, Western Union Named & Shamed for Overcharging the Most on Money Transfers to Mexico

Remittances to Mexico is a $36-billion-a-year businessMore

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US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow

NAFTA 2.0 gets complicated for US & global manufacturers, particularly automakersMore

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Another UK Mutual Fund Leaves Investors Twisting in the Wind

Another “run on the fund.” More investors can’t get their money out but contemplate big lossesMore

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Another Negative-Interest-Rate Central Bank Laments What Negative Interest Rates Have Wrought

Instead of warning about the effects of this absurdity, they could just raise rates and quit buying bondsMore

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Negative Interest Rates Bite: Bundesbank Warns of Risks to Financial Stability, Moody’s Downgrades Outlook for German Banks

Yield-starved banks expanded lending to “relatively high-risk businesses” and to the property sector, as the Bundesbank considers house prices in many cities overvalued by 15% to 30%.More

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As Bad Loans Explode in Turkey, Government Tries to Recreate Debt-Fueled Boom that Led to its Financial & Currency Crisis

Banks are being pushed to lend with the same reckless abandon.More

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Screwed Investors Still Stuck in Woodford’s Imploded Mutual Fund Get a Glimpse of Their Losses

After a “run on the fund” triggered when people figured out it was loaded up with crappy illiquid assetsMore

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Mexico’s Cancelled $13-Billion Zombie-Airport Refuses to Die

The people voted to scrap the project that was one-third finished, $4 billion over budget, mired in allegations of corruption, and built on an unstable lake-bed. But it has a life of its own.More

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Months After Takeover, European Supermarket Giant Dia Discloses Huge Losses, Plunging Revenues, Soaring Debt

Russian billionaire rues the day he bought it. “We should have been more cautious and done our due diligence better.” More

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