Where are the foreign investors in this phenomenon?
China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.
Just bumping along the bottom, from hopeless to hope and back to hopeless.
Tesla is steeped in chaos — and chaos is absolutely the opposite what a complex manufacturing, distribution, and retail operation needs.
What the Subprime Auto-Loan Fiasco Means.
The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.
Brick-and-mortar department stores – the lucky ones still open – are on schedule to be toast.
The global slowdown in manufacturing and trade is not pretty. How will it impact the US and other major economies? Wolf Richter on This Week in Money.
Finance & Insurance, Which Dominates the US Economy, Has Blistering Q1. Huge Services Sector Not Yet Hit by Slowdown in Goods.
Citi Group analysts slashed their price target to zero.
Retail space asking rents plunge as landlords try to fill scores of vacant shops. Charts by shopping corridor.
Like the mortgage crisis never happened.
But what will happen to banks and automakers when the cycle turns?
Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years.
Weakness in transportation deepens. Freight rates still rising, but also coming under pressure.
Here are the latest numbers.
This time it’s about the safe deposit boxes at Metro Bank.
Russell 2000 back where it had first been in November 2017.
Aircraft manufacturing consolidates.
Why a US-Style Mortgage Crisis Can Happen Anywhere.
Straggler behind the Fed and the ECB gets the drift.
Here’s Where Americans Suffer Hot Inflation, But There Are Cool Spots Too
“More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.”
But this new and horrendous house flipping operation inflated revenues “more than expected.”
Now even the surface of the market has softened, not just the underlying dynamics.
The reception of the bill has been fascinating.
Wall Street hype artists and QE mongers would be deeply disappointed.
Chinese corporate defaults this year through April are 3.4 times the amount last year.
It’s a tough job, but someone’s doing it.
Oh lordy, in a market where nothing can go wrong, Dow falls below January 2018 level.