GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.More
More ECB Bond Holdings Get in Trouble: Infrastructure Giant Atlantia, Infamous for Collapsed Genoa Bridge, Could Lose its Core Business
Amid a slew of problemsMore
Young People Still Crushed by Housing Bust, Banking & Economic Crisis: Bank of Spain
The contrast with retirees could not be starkerMore
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
PayPal, Western Union Named & Shamed for Overcharging the Most on Money Transfers to Mexico
Remittances to Mexico is a $36-billion-a-year businessMore
US Targets Wage-Repression Model in Mexico, Demands Inspections, Industry Has a Cow
NAFTA 2.0 gets complicated for US & global manufacturers, particularly automakersMore
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
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
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
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
