Tricolor Auto Holdings files Chapter 7 leaving 25,000 creditors and billions at risk. Could Tricolor Auto Holdings’ bankruptcy trigger a wider financial contagion?

Tricolor Auto Holdings just blew up, and the fallout is spreading fast. What was once a quiet giant in subprime car lending has collapsed into Chapter 7 bankruptcy. Cars are gone, loans are unpaid, and billions in debt are floating …

READ MORE

Chinese Shadow Banking Contagion

by Chris Black Last summer, I wrote a brief article about how China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying,… Continue reading by subscribing. Username Password Remember …

READ MORE

Chinese Shadow Banking Contagion

by Chris Black China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://… Continue reading by subscribing.

Social contagion…

Forty percent of Brown University students say they are LGBT, suggesting social contagion New survey data from Brown University’s student newspaper provides further evidence that the increase in LGBT identification is driven by social pressures. The latest data show that …

READ MORE