The US Housing Market Begins to Feel the Pain by Wolf Richter • Feb 21, 2019 • 15 Comments Fact is, home prices cannot outrun wages forever.
What the Fed Actually Said About Ending the QE Unwind by Wolf Richter • Feb 21, 2019 • 30 Comments A plan is forming with a slow-motion component, and everyone wants to get rid of MBS
My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient” by Wolf Richter • Feb 20, 2019 • 72 Comments Oh dude, glad no one saw it.
Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath” by Wolf Richter • Feb 20, 2019 • 94 Comments What banks & housing markets in Sydney and Melbourne are facing in 2019.
What Trucking & Freight Just Said About the Goods-Based Economy in the US by Wolf Richter • Feb 19, 2019 • 59 Comments Something has to give.
London Housing Meltdown Spreads as Pre-Brexit Angst Batters Market Sentiment by Don Quijones • Feb 19, 2019 • 43 Comments “If you are looking to buy a house in Q1 you will have the market to yourself.”
Why WOLF STREET is Still Free and Not Behind a Paywall Though You Have to Put Up with Ads and I Make (Maybe) Less Money by Wolf Richter • Feb 18, 2019 • 307 Comments A no-brainer gets rejected. This is likely my last gig, and I want to do what I love doing. But the advertising-based model is teetering.
THE WOLF STREET REPORT by Wolf Richter • Feb 17, 2019 • 57 Comments What’s Causing the Subprime Auto Loan Fiasco?
Next in the Bankruptcy & Restructuring Saga of European and Asian Airlines by MC01 • Feb 17, 2019 • 70 Comments The fate of the A380 is sealed.
I Was Asked About J.P. Morgan’s Blockchain-Based “JPM Coin.” I Ruthlessly Expand it to Other Payment Systems by Wolf Richter • Feb 16, 2019 • 73 Comments Are banks trying to send credit-card-processing fee-gougers Visa, MasterCard et al. the way of Friendster?
This Retailer Bankruptcy Will Lead to the Largest Liquidation by Store Count in the US. Liquidation Sales to Start Next Week by Wolf Richter • Feb 15, 2019 • 114 Comments Brick-and-Mortar Meltdown for its new shareholders: All of them PE firms.
Just How Huge Are Mexico’s Auto Exports to the US? How Fast Have they Grown? by Don Quijones • Feb 15, 2019 • 24 Comments GM’s Mexico vehicles now are 23% of its US sales. And the Japanese have massively discovered Mexico’s cheap labor.
Worried about Costs & Slowdown? Amazon Scuttles HQ2 Altogether, Plunges NY City Real Estate Industry “Into Despair” by Wolf Richter • Feb 14, 2019 • 142 Comments Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
Why I’m Not in Panic Just Yet over the “Dreadful” Retail Sales that “Fell Most Since 2009,” But Nervously Look at the Trend by Wolf Richter • Feb 14, 2019 • 56 Comments Consumer exuberance maxed out last summer and has since changed direction.
Reverse Sticker Shock? No Inflation for New Vehicles for 22 Years, Says Consumer Price Index, as Taurus Prices Soared 55% by Wolf Richter • Feb 13, 2019 • 110 Comments But then there’s the “average transaction price.”
Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled by Wolf Richter • Feb 13, 2019 • 66 Comments The hope in early January has been unwound.
Subprime Arrives: Auto-Loan Delinquencies Spike to Great Recession Levels by Wolf Richter • Feb 12, 2019 • 99 Comments “A development that is surprising during a strong economy and labor market”: New York Fed
Bond Funds Are “Potential Source of Financial Instability,” after Years of Global QE and Low Interest Rates: Fitch by Wolf Richter • Feb 11, 2019 • 45 Comments “Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.”
Liquidity in New York City’s Housing Market Dries Up by Wolf Richter • Feb 11, 2019 • 84 Comments 52% of the homes listed for sale last spring still have not sold. For sellers, “the situation calls for a clear strategy: cut prices.”
THE WOLF STREET REPORT by Wolf Richter • Feb 10, 2019 • 82 Comments The New Battle-to-the-Death in the Auto Industry.
Carmageddon for Tesla Model 3: US Deliveries Plunge 55% to 60% from Q4, Laid-off Delivery Employees tell Reuters by Wolf Richter • Feb 9, 2019 • 121 Comments Pent-up demand for high-priced luxury cars in the era of Carmageddon is a tricky thing, especially when tax credits phase out.
The State of the American Debt Slaves, Q4 2018 by Wolf Richter • Feb 8, 2019 • 122 Comments Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot.
Spanish Grocery Giant Unveils Big Losses, Teeters on Brink of Bankruptcy, after Allegations of Accounting Fraud by Don Quijones • Feb 8, 2019 • 18 Comments What could this mean for one of its big creditors, the ECB?
Fed’s QE Unwind Reaches $434 Billion, Remains on “Autopilot” by Wolf Richter • Feb 7, 2019 • 51 Comments Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list.
German Industrial Production Falls the Most Since 2009. New Orders Plummet by Wolf Richter • Feb 7, 2019 • 45 Comments Q4 is falling apart before everyone’s astonished eyes, and a “technical recession” beckons.
Phenomenal Trucking Boom Ends, Trucking Bust Starts by Wolf Richter • Feb 6, 2019 • 56 Comments So that U-turn was fast, even for the legendarily cyclical trucking business.
Mexico’s Cash Cow: Remittances from the US & Other Countries Surge to New Record by Don Quijones • Feb 6, 2019 • 36 Comments These workers are a lifeline for Mexico.
Oops: Low Interest Rates a “Factor” in Slowdown of Economic & Productivity Growth: NBER by Wolf Richter • Feb 5, 2019 • 83 Comments Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
New Trucks are Hot, Prices Surge. But Cars Face Carmageddon. And Total Sales Fall by Wolf Richter • Feb 5, 2019 • 91 Comments Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
QE Party Goes Dry, Bank of Japan Tries to Confuse the Markets by Wolf Richter • Feb 4, 2019 • 65 Comments During the selloff in Dec., the BOJ shed $31 billion. But in Jan., it piled on.
