The Most Splendid Housing Bubbles in America by Wolf Richter • Jul 31, 2018 • 79 Comments Historic spike in Seattle. Sharp increases in other metros. New York condos fall.
“Hidden Debt Loophole Could be Widespread”: Fitch by Wolf Richter • Jul 30, 2018 • 87 Comments Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion.
Vancouver Condo Bubble Takes New Hit: Murky Condo Flippers Targeted in Pre-Sale Tax Hunt by Steve Saretsky • Jul 30, 2018 • 43 Comments The changes pose real threats to the highly speculative pre-sale condo market.
The EU Backs Off its War on Cash. Here’s Why by Don Quijones • Jul 30, 2018 • 47 Comments People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.”
Numbers are in: Uber, Lyft v. Rental Cars & Taxis in the US in Q2 by Wolf Richter • Jul 29, 2018 • 94 Comments The ugly market-share battle in reimbursed ground transportation.
The Largest Ships in the Huge Iron-Ore Trade by MC01 • Jul 28, 2018 • 42 Comments Exports are dominated by two countries, imports by three. And everything revolves around China.
Banco Sabadell Begins to Pay the Price for TSB’s Self-Inflicted IT Fiasco by Don Quijones • Jul 27, 2018 • 20 Comments The horribly botched IT upgrade hits the income statement.
Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona by Don Quijones • Jul 26, 2018 • 27 Comments The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
Carmageddon in Detroit by Wolf Richter • Jul 26, 2018 • 85 Comments GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.