Housing Bubble 2 Lost its Mojo in the San Francisco Bay Area: House Prices Drop 8% by Wolf Richter • Jul 18, 2019 • 90 Comments For the 9 counties, the median price in June dropped back to June 2017 levels.
US Home Purchases by Chinese, Other Foreigners Plunge Below 2012 Level. And the (for me) Chilling “Chinese Reaction” to it from the Largest Chinese Portal for US Homes for Sale by Wolf Richter • Jul 18, 2019 • 123 Comments “For developers and agents in most parts of the country who rely on foreign buyers, there is really no alternative to buyers from China”: CEO of Juwei.com
London Housing Bust: Prices Fall, Sales Plunge to 2009 Level by Wolf Richter • Jul 17, 2019 • 31 Comments Most other regions in the UK cling to price gains.
The Victims of Inflation by Wolf Richter • Jul 17, 2019 • 135 Comments Inflation gets pitched as something inherently good the Fed is trying to make sure folks gets enough of. But someone’s paying the price.
Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up by Wolf Richter • Jul 16, 2019 • 75 Comments Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.
“Transportation Recession” Gets Uglier by Wolf Richter • Jul 15, 2019 • 46 Comments US freight shipments fall for 7th month in a row. After the boom, the bust.
Fracking in California is About to Get a Lot More Difficult by Nick Cunningham • Jul 15, 2019 • 42 Comments Governor Newsom, six months on the job, finds out what’s actually going on.
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 27 Comments Just when European banks need to inspire confidence more than ever.
THE WOLF STREET REPORT: The Victims of Inflation by Wolf Richter • Jul 14, 2019 • 94 Comments Beatings will continue until morale improves, or something.
My Advice to the Fed on “Low Inflation”: Use a Different Index for Crying Out Loud and Tell the BLS to be Less Aggressive with “Hedonic Quality Adjustments” by Wolf Richter • Jul 13, 2019 • 116 Comments The Fed could instantly claim victory and pocket the kudos.