Wednesday , December 11 2019
Home / Tag Archives: TOP ARTICLES

Tag Archives: TOP ARTICLES

I Just Dealt with a “Security Freeze,” the Most Effective Tool for Credit Security: It’s Become Super-Easy & Free, after the Equifax Hack Two Years Ago

My recommendation has changed. Here are the websites and links and why and how to do it. By Wolf Richter for WOLF STREET. One thing I hafta admit about big American corporations: When they’re exposed to enough hue and cry and get flogged long enough in the media, particularly on WOLF STREET, and get flailed by regulators, Attorneys General, and lawmakers, even as individual and class-action law suits are hailing down on them, they will eventually stop making things worse, and finally...

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Accounting Fraud & Freight Recession Topple Celadon, Largest Truckload-Carrier Bankruptcy in US History

Creditors trying to repossess trucks over the weekend. Thousands of drivers on the road, some stranded. Employees left in the dark. Shares plunge 93% this morning from nearly nothing to practically nothing. By Wolf Richter for WOLF STREET. Celadon Group, one of the larger full-truckload operators in the US with about 3,000 drivers and about 2,700 tractors, said today – confirming days of rumors – that it filed for Chapter 11 bankruptcy and is ceasing operations. This is the largest...

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THE WOLF STREET REPORT: Is the Corporate-Debt Bubble Ripe Yet?

What does it mean when the Fed and other central banks jointly bemoan the effects of their own policies? Worried about not being able to keep all the plates spinning? (11 minutes) Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new...

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What’s Driving the Decline in the Goods-Based Sector, After the Boom of 2018?

And a special word on apparel sales, as a sign of our times. By Wolf Richter for WOLF STREET. Services are growing at a decent pace, though more slowly than a year ago. The labor market is the strongest in years, so consumer spending is growing at a good pace, including retail sales, driven by red-hot ecommerce sales. Where the economy is in trouble is in industrial goods and in the huge oil-and-gas sector which also drags down the manufacturing segments that supply it with heavy...

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Fed Goes Hog-Wild with T-Bills, But Repos Drop from a Month Ago, and MBS Shrink by $22 Bn

Bailing out its crybaby-cronies on Wall Street, even when there isn’t a crisis. By Wolf Richter for WOLF STREET. The total amount of repurchase agreements (“repos”) on the Fed’s balance sheet as of December 4, released today, declined to $209 billion, from $215 billion a month ago. These repos included: $70 billion in overnight repos, issued on Wednesday morning that unwound today; all prior overnight repos had already unwound. $88 billion in multi-day repos with maturities of up to...

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What Worries me About “Hedonic Quality Adjustments”

An arcane device that impacts so much and papers over the struggles many Americans face in a world that is becoming increasingly unaffordable for them. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: For anyone alive today, the US dollar has nearly always lost purchasing power with regards to consumer goods and services, such as food, cars, healthcare, or rent. There were a few brief periods when the dollar gained in purchasing power. But those periods are...

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Trucking “Thrives on Stability, But We’re Now on a Rocky Road”

Orders for heavy trucks re-plunged, after false bounce off the bottom. This was not supposed to happen. November was supposed to be the second month in what would be the upturn from the historic collapse in 2019 for orders of heavy trucks. Orders in 2019 had plunged by as much as 80% from a year earlier. That collapse in orders followed a historic boom in orders in 2018. But in October, orders had bounced, and though still down by 48% from a year earlier, it was a big move. So November...

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As Chinese Conglomerate HNA Unravels Further, its Airlines Default & Get State Bailouts. All But Hong Kong Airlines?

There are “doubts” Hong Kong Airlines, which may cease to operate on Saturday if it doesn’t get a bailout, will get a bailout. By Wolf Richter for WOLF STREET. HNA Group, the highly-leverage Chinese conglomerate with an opaque ownership structure that had gone on an immense debt-fueled global acquisition binge, including in the US, and owned about 18 airlines in China and Hong Kong, has been unraveling ever since Bank of American pulled the ripcord in mid-2017. But to prevent this...

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US Manufacturing Stuck in Dour Mood, After the Boom Last Year

Worries abound, weakness persists, but some aspects and sectors tick up. By Wolf Richter for WOLF STREET. The US manufacturing sector remains in a dour mood, according to data released today from two sources, one painting a picture that is dourer than the other, but both agreeing that it’s not fun anymore after the manufacturing boom last year. November was the fourth month in a row that manufacturing contracted, and it contracted a tad faster than in October, according to...

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THE WOLF STREET REPORT: What Worries me About “Hedonic Quality Adjustments”

As even basics are becoming unaffordable for these Americans, the official inflation data artfully papers over it. This arcane device also impacts investments, Social Security benefits, and inflation-adjusted data, such as “real wages” or “real GDP” (12 minutes). Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find...

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