“Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

by Wolf Richter • Dec 10, 2018 • 61 Comments

“Authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if they don’t topple, the economy will get hit.

THE WOLF STREET REPORT

by Wolf Richter • Dec 9, 2018 • 36 Comments

The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.

The Wild East: Airlines in South & Southeast Asia

by MC01 • Dec 8, 2018 • 43 Comments

Huge aircraft orders, booming traffic, dozens of upstarts with easy mega-funding, fierce competition, already a big collapse, and allegations of shady business.

Ugly Week for Stocks: Bad Sign that Even the WSJ’s Mega-Effort to Reflate them Fizzled

by Wolf Richter • Dec 7, 2018 • 97 Comments

Apple plunges. FANGMAN stocks down 10.4% for the week, down $1.12 trillion from peak.

Fed’s QE Unwind Reaches $374 Billion

by Wolf Richter • Dec 6, 2018 • 72 Comments

But how low might the Fed’s balance sheet go?

It’s Happening: San Francisco House & Condo Prices Fall

by Wolf Richter • Dec 5, 2018 • 92 Comments

House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate.

Why California’s Housing Market is in for Serious Trouble

by Wolf Richter • Dec 4, 2018 • 113 Comments

Homebuilder Toll Brothers just said it out loud.

Bubble Trouble: Silicon Valley & San Francisco Housing Markets Head South

by Wolf Richter • Dec 3, 2018 • 92 Comments

The underlying dynamics changed in August and have worsened since. And this is still the tech boom.

ECB Just Launched “Better Than Blockchain” Instant Payments System

by Don Quijones • Dec 3, 2018 • 58 Comments

But will the big banks play along?

The Fed Explains the Rate Hikes: To Prevent Financial Crisis 2

by Wolf Richter • Dec 2, 2018 • 74 Comments

Instead of “bubble” or “collapse,” it uses “valuation pressures” and “broad adjustment in prices.” Business debt, not consumer debt, is the bogeyman this time.

Update on the Housing Bust in Sydney & Melbourne, Australia

by Wolf Richter • Dec 1, 2018 • 62 Comments

This is not exactly slow motion anymore.

My “Fed Hawk-O-Meter” Speaks

by Wolf Richter • Nov 30, 2018 • 78 Comments

Shedding light on Powell’s “just below neutral” and the hullabaloo about the Fed suddenly turning “dovish.”

Troubled Pemex Announces a Big Boost

by Don Quijones • Nov 30, 2018 • 14 Comments

With perfect timing as the new government embarks on restructuring Mexico’s oil industry.

Treacherous Times for Bond Funds Ahead

by Wolf Richter • Nov 29, 2018 • 82 Comments

They sound conservative in marketing materials, but they pack special risks & surprises in a downturn that can entail a catastrophic loss for investors.

New-Home Prices Drop Nearly 7%, Supply Spikes to Highest since Housing Bust 1

by Wolf Richter • Nov 28, 2018 • 44 Comments

Homebuilders not amused.

What’s Behind the US-Saudi Nuclear Mega-Deal?

by Leonard Hyman and Willian Tilles • Nov 28, 2018 • 77 Comments

Up to 16 nuclear power plants for civilian purposes? Really?

The Most Splendid Housing Bubbles in America Deflate

by Wolf Richter • Nov 27, 2018 • 68 Comments

Seattle home prices drop at fastest pace since Housing Bust 1. Feeble declines in San Francisco, Denver, Portland, etc. Flat prices in others. Condo prices in NY City suddenly jump.