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Tag Archives: recovery
Panic Below The Surface: “Banks Are Selling Energy Loans At Cents On The Dollar To Ensure Their Own Survival”
Panic Below The Surface: “Banks Are Selling Energy Loans At Cents On The Dollar To Ensure Their Own Survival” One week ago, when we commented on the latest weekly update from Credit Suisse’s very well hooked-in energy analyst James Wicklund, one particular phrase stuck out when looking at the upcoming contraction of Oil and Gas liquidity: “while […]
Deere In Headlights After Guidance Cut: Sees 10% Sales Drop Due To “Downturn In Global Farm Economy”
Deere In Headlights After Guidance Cut: Sees 10% Sales Drop Due To “Downturn In Global Farm Economy” It is not just Caterpillar that continues to post horrendous numbers, and has now recorded 38 consecutive months of declining Y/Y sales, double the length of the contraction of the great financial crisis. Moments ago heavy farm equipment […]
The US Economy Has Not Recovered And Will Not Recover
The US Economy Has Not Recovered And Will Not Recover The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital […]
Japanese Trade Data Collapses, Crushes “Devalue Our Way To Prosperity” Dreams
Japanese Trade Data Collapses, Crushes “Devalue Our Way To Prosperity” Dreams Seriously – how many more times can a central bankers’ policies be exposed for the total sham that they are? Japanese trade data was just unleashed on the world… and it is abysmal. *JAPAN JAN. EXPORTS FALL 12.9% Y/Y Notably worse than the expected […]
The Age Of Stagnation (Or Something Much Worse)
The Age Of Stagnation (Or Something Much Worse) Excerpted from Satyajit Das’ new book “The Age Of Stagnation”, If you look for truth, you may find comfort in the end; if you look for comfort you will not get either comfort or truth, only . . . wishful thinking to begin, and in the end, […]
North Dakota’s Economy Has Been “Completely Devastated” By Oil’s Collapse
North Dakota’s Economy Has Been “Completely Devastated” By Oil’s Collapse Yesterday, on the way to documenting the malaise China’s hard landing has inflicted on Minnesota’s mining country, we discussed the dramatic impact falling crude prices have had on the American and Canadian oil patches. Take Texas, for instance, where a year of crude carnage has wreaked havoc […]
Italian Banks Sink As “Bad Bank” Plan Underwhelms
Italian Banks Sink As “Bad Bank” Plan Underwhelms Last week, we noted that Italy is rushing to defuse a €200 billion time bomb in the country’s banking sector as investors fret over banks’ exposure to souring loans. “Italian banks’ share prices have been volatile YTD, given the market’s renewed fears over asset quality and potential developments on […]
“Zombie Ships” – Why Global Shipping Is Even Worse Than The Baltic Dry Suggests
“Zombie Ships” – Why Global Shipping Is Even Worse Than The Baltic Dry Suggests One glance at The Baltic Dry Index’s collapse is all that most need to see the painful state of the global shipping industry. However, as gCaptain reports, reality is even worse as the boom in so-called “zombie ships” suggests there is no recovery in […]
Canadian Pacific Warns Of “Tremendous Pressure”, “Strong Headwinds” For Economy
Canadian Pacific Warns Of “Tremendous Pressure”, “Strong Headwinds” For Economy One week ago, when we explained why “Things Just Went From Bad To Worse For U.S. Railroads,” we said that “the rail industry is about to be slammed with a dramatic repricing, one which is only the start and the longer oil prices remain at […]
Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount
Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount Italian bank stocks are crashing (with BMPS down 40% year-to-date) as Reuters reports that investors are growing increasingly nervous about how the sector will cope with lower interest rates and a 200 billion euro ($218 billion) pile of loans that are unlikely to be repaid. The broad banking […]
The Fed’s Stunning Admission Of What Happens Next
The Fed’s Stunning Admission Of What Happens Next Following an epic global stock rout, one which has wiped out trillions in market capitalization, it has rapidly become a consensus view (even by staunch Fed supporters such as the Nikkei Times) that the Fed committed a gross policy mistake by hiking rates on December 16, so much […]
