Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows by Wolf Richter • Oct 18, 2019 • 81 Comments How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
There Are a Couple of Things Not Coming Together Here by Wolf Richter • Oct 17, 2019 • 131 Comments I Get it: Stock-Market Shorts Sit on Sideline, Fearing Rally. Investors Deleverage, Fearing Sell-Off. VIX Falls Asleep, Fearing Nothing.
Housing Bubble in Silicon Valley & San Francisco Bay Area Turns to Bust Despite Low Mortgage Rates & Startup Millionaires by Wolf Richter • Oct 16, 2019 • 95 Comments Ironically, house prices dropped the most in Silicon Valley.
Braindead or Willfully Manipulative? How the Media Reported Retail Sales by Wolf Richter • Oct 16, 2019 • 72 Comments Like a centrally directed disinformation campaign. Here’s what happened.
Why Banks Didn’t Lend to the Repo Market When Rates Blew Out: JPMorgan CEO Dimon by Wolf Richter • Oct 15, 2019 • 89 Comments “Does that mean that we have bad markets?”
JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated by Nick Corbishley • Oct 15, 2019 • 24 Comments Collusion and “absolute monopoly practices.”
Dual-Track Economy: Slowdown in Industrial Sectors Hits Truckers & Railroads. But Consumers Are Still Buying Stuff by Wolf Richter • Oct 14, 2019 • 30 Comments The hangover after the tariff-front-run boom last year.
The WOLF STREET Beer Mugs Are Here by Wolf Richter • Oct 14, 2019 • 31 Comments The infamous “Nothing Goes to Heck in a Straight Line” mugs. Just pour in some liquidity, such as a “Repo IPA” or “QE Lite,” and you’re ready to relax.
Without the Outliers, Inflation Is Running Hot. Fed Has Started Mentioning these Measures in the Minutes by Wolf Richter • Oct 14, 2019 • 77 Comments Cleveland Fed’s Underlying Inflation Measure Hits 3.0%, Hottest in the Data.
Will Social Security Be There for You? Status of the Social Security Trust Fund in Fiscal 2019 by Wolf Richter • Oct 13, 2019 • 176 Comments “Don’t rely on Social Security”: Inflation adjustments are punitively low, and benefits become more inadequate as you age.