Author: Wolf Richter

Multiple Online Banking Systems Go Down in the UK

Multiple Online Banking Systems Go Down in the UK from Wolf Street Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Internet...

What Can Cause the Next Mortgage Crisis in the US?

What Can Cause the Next Mortgage Crisis in the US? by Wolf Richter – Wolf Street The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in. Mortgage delinquencies at all commercial banks in the...

Collapse of Outsourcing Giant Carillion May Have Silver Lining

Collapse of Outsourcing Giant Carillion May Have Silver Lining from Wolf Street “Cash retentions” by large companies come under attack in the UK. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The bankruptcy of UK outsourcing behemoth Carillion in...

Turkey, Argentina, Other Emerging Markets Hit BBVA

Turkey, Argentina, Other Emerging Markets Hit BBVA from Wolf Street After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET....

What’s Going On in the Used Car & Truck Market?

What’s Going On in the Used Car & Truck Market? by Wolf Richter – Wolf Street Wholesale prices spike to record. Consumers, struggling with affordability, switch from new to used. Used car and truck prices in August at auctions in...

What to Do with $13-Bn Airport Project Steeped in Corruption & Cost Overruns? Reality Check for Mexico’s President-Elect

What to Do with $13-Bn Airport Project Steeped in Corruption & Cost Overruns? Reality Check for Mexico’s President-Elect A classic lose-lose scenario for taxpayers that’s making the world’s richest even richer. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET....

What the US Heavy-Truck Market is Saying

What the US Heavy-Truck Market is Saying by Wolf Richter – Wolf Street It’s cyclical: When will the biggest boom ever end? Orders for Class 8 trucks in August jumped 153% from a year ago to 52,400 trucks, beating by...

Be Careful What You Pray For: Weak Mass-Tourism Threatens Spain’s Five-Year Economic Recovery

Be Careful What You Pray For: Weak Mass-Tourism Threatens Spain’s Five-Year Economic Recovery by Wolf Richter – Wolf Street It is impossible to overstate the importance of tourism to Spain’s economy. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET....

The Most Splendid Housing Bubbles in America

The Most Splendid Housing Bubbles in America by Wolf Richter – Wolf Street New York condo prices fell again. Historic spikes slow in Seattle and other metros. On a national basis, home prices surged 6.2% in June compared to June...