Big Unwind Begins in San Francisco, Miami, New York, Houston: Rents in “Primary Markets” Sunk by Apartment & Condo Glut by Wolf Richter • Aug 11, 2016 • 56 Comments Soaring rents have hit the wall of reality.
Profits Plunge, Sales Drop at Macy’s. Slashes Jobs, Closes Stores. Stock Jumps 18% by Wolf Richter • Aug 11, 2016 • 63 Comments Brick-and-mortar retail sinks artfully into coma.
Wendy’s CEO Blames Rising Inflation, Falling Wages, Election Mayhem for Restaurant Sector “Slowdown” by Wolf Richter • Aug 10, 2016 • 62 Comments Restaurants are a leading indicator of the economy into a downturn.
When Will the Record Corporate “Debt Binge” Collapse? by Wolf Richter • Aug 10, 2016 • 23 Comments “This year is unlike anything ever seen in the history of finance.”
This is When the Jobs “Recovery” Goes KABOOM by Wolf Richter • Aug 9, 2016 • 45 Comments A peculiar phenomenon has set in.
China Furious, French Energy Giant Desperate, as UK Stalls $24bn Nuclear Deal by Don Quijones • Aug 9, 2016 • 42 Comments It could crush EDF and the French nuclear industry. Or is it a Brexit negotiating ploy?
Chilling Thing Twitter Said about San Francisco’s Office Bubble by Wolf Richter • Aug 8, 2016 • 48 Comments Some of the smartest money got out last year.
It’s Getting Uglier in Spain by Don Quijones • Aug 8, 2016 • 36 Comments With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.
City of London Office Values Plunge 6% in One Month by Wolf Richter • Aug 8, 2016 • 8 Comments “Global Economic Uncertainty,” Brexit meet UK Commercial Property Bubble.
LEAKED: Who Profits the Most from Italy’s Banking Crisis? by Wolf Richter • Aug 7, 2016 • 35 Comments JP Morgan’s deal “would be great for Italy”: CEO Jamie Dimon.
