WTF Just Happened to Argentina’s Peso? by Bianca Fernet • May 6, 2018 • 41 Comments Three interest rate hikes in one week, to 40%, imply the first two didn’t work, and the Central Bank is not in control.
Bank of Canada: 8% of Canadian Households Owe More Than 20% of the $2.1 Trillion in Debt by Daniel Wong • May 5, 2018 • 49 Comments These Canadians are in a “highly vulnerable” position.
Jobs, Sliced and Diced by Wolf Richter • May 4, 2018 • 86 Comments Where they went, where they came from.
Fed’s QE Unwind Accelerates Sharply by Wolf Richter • May 3, 2018 • 122 Comments These are getting to be serious amounts.
Toronto’s Splendid Housing Bubble Turns to Bust by Wolf Richter • May 3, 2018 • 70 Comments Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months.
Tesla Discloses Worst Quarterly Zinger of a Loss Ever, Burns $1.1 Billion Cash by Wolf Richter • May 2, 2018 • 106 Comments Not The Boring Company, but The Hopeless Company.
Wow that’s Fast: Mortgage Rates Jump to 2011 Levels by Wolf Richter • May 2, 2018 • 104 Comments What will Housing Bubble 2 do when mortgage rates hit 6%?
Update on the Most Splendid Rental Bubbles & Crashes in the US by Wolf Richter • May 1, 2018 • 75 Comments Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground.
Uber Loses Share to Lyft. Both Crush Rental Cars and Taxis by Wolf Richter • Apr 30, 2018 • 94 Comments War in business ground transportation. But tipping is not popular.
UK Bank’s IT Disaster Enters 2nd Week, Contagion Fears Rise by Don Quijones • Apr 30, 2018 • 28 Comments “This turned what was a super-hard systems job [into] a clusterfuck in the making.”
