But Texans Say, “We’re Full.” And Californians, Buckling Under Housing Costs & Congestion, Tell Wannabe Leavers, “Just Do It”
How to Bring the Disabled Out of the Economic Closet
The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to zero and did trillions of dollars of QE.
And now not even their foreign subsidiaries are immune.
China’s share surges to 54%. US in fourth Place, Canada an Also-Ran. Here are the largest crude steel producers in the world.
Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
For six months now, folks said the Fed had made a “U-turn” and would cut rates at the “next” meeting, etc. But none of it happened — and might not happen. Here’s why, in Powell’s words.
Ecommerce and globalization of retail crush distribution channels, wholesalers, local retailers, large retailers, prices, and margins.
Vancouver housing bubble sags. Toronto down 3.4% from peak. Calgary and Edmonton back to 2007. Montreal sets new record. National index ticks up the least for any May in 21 years of data.
Draghi’s shenanigans get hilarious, just months before his term ends.
Freight shipments dropped the most since Nov 2009.
The Brazilian conglomerate’s rot was revealed by Operation Car Wash, leading to imprisonment of political and business figures across Latin America.
The Fed & China dumped. But there was huge demand elsewhere. Here’s who bought.
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
Normal Americans, the Existential Threat for Retailers.
The benefit of NIRP: There’s hell to pay – even the ECB admits it.
My couch, jeans, car, PC, sheets, and phone weigh in on globalization and the internet.
This, despite still ultra-low interest rates and highest disposable income ever.
But it helped high-income people buy homes.
Ecommerce is an existential threat to Walmart, and it’s furiously trying to get on top of it, whatever the cost may be.
Neiman Marcus newest disclosures – and what the crazy-hot IPO market has to do with it.
The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.
It was a doozie, but it shouldn’t have come as a surprise. Here’s why.
Those who bet on the most obvious short in the history of mankind got the heads handed to them.
China’s corporations deleverage, forced or otherwise.
Six charts on the used-vehicle market, plus my “Chart of Carmageddon” for new vehicles.
Over 170 shale companies have declared bankruptcy since 2015, affecting $100 billion in debt, including 8 bankruptcies already this year.
FedEx has had it with Amazon’s tactics. Ecommerce draws up new battle lines – in the transportation sector.
President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.”