Below-the-Surface Struggles in Manhattan Housing Bust Seep to the Surface by Wolf Richter • Dec 20, 2019 • 138 Comments “The market doesn’t care what you think.”
US Freight Shipments Fall Below 2014 Level. Answers Emerge by Wolf Richter • Dec 19, 2019 • 110 Comments It’s not the consumer.
First Central Bank Exits Negative Interest Rates by Wolf Richter • Dec 19, 2019 • 84 Comments Today’s rate hike by the central bank of Sweden ends an absurdity. ECB and other central banks with negative rates are getting ready to follow.
Four Banks & Three Tech Companies Blow $56 Billion in Q3 to Prop up Their Own Shares by Wolf Richter • Dec 18, 2019 • 124 Comments The Biggest Share-Buyback Queens: When Will They Run Out of Juice?
Here’s What Gets Me about the Fed’s Warnings of “Excesses and Imbalances that Are Hard to Deal with Later” by Wolf Richter • Dec 17, 2019 • 175 Comments We got another one today, warning about all the right things. And then they do the opposite.
College Enrollment Skids for 8th Year in a Row in 2019, But Student Loans Skyrocket. What Gives? by Wolf Richter • Dec 16, 2019 • 225 Comments The stunning decline of men in the student headcount.
Mall Shooting Highlights Folly of AAA-Rating of CMBS Backed by a Single Mega-Mall by Marc Joffe • Dec 16, 2019 • 89 Comments “I want to see rating agencies improve their performance before they contribute to another meltdown.”
My “Pickup Truck Price Index” Crushes “CPI for New Vehicles” by Wolf Richter • Dec 15, 2019 • 203 Comments A total mind-blower. Actual prices skyrocket even as CPI for new vehicles has been flat for 22 years.
The State of the Canadian Debt Slaves, How They Compare to American Debt Slaves, and the Bank of Canada’s Response by Wolf Richter • Dec 13, 2019 • 160 Comments “The high household debt load is the most important risk facing the financial system.”
REITs Pull Back from Housing Market in Spain as Rental Boom Runs Out of Gas by Nick Corbishley • Dec 13, 2019 • 61 Comments “Many families, scratching a living on badly-paid zero-security jobs, just cannot pay the sort of rents many landlords, especially the big funds, have been asking for.”