While I Was Away from My Desk, Dow Drops 473 Points by Wolf Richter • May 7, 2019 • 61 Comments Oh lordy, in a market where nothing can go wrong, Dow falls below January 2018 level.
Businesses in “Critical Distress,” Bankruptcies Surge in the UK by Don Quijones • May 7, 2019 • 21 Comments “Zombie firms,” kept alive by low interest rates, account for up to 14% of UK companies.
Vancouver Housing Bust Steepens, Bank of Canada Welcomes “Froth” Coming Off by Wolf Richter • May 6, 2019 • 46 Comments “It is their interaction with froth that matters most. How much a housing market adjusts depends on how much froth there is”: Poloz
Manufacturing and Services Out of Sync, Not Just in the US by Wolf Richter • May 6, 2019 • 68 Comments Goods producing economy suffers globally. Services expected to keep it all taped together.
THE WOLF STREET REPORT by Wolf Richter • May 5, 2019 • 82 Comments Can Australia’s Housing Bust Morph into a Financial Crisis?
Trucking Skids into Downturn after Phenomenal Boom by Wolf Richter • May 4, 2019 • 106 Comments A hard U-Turn.
Ad-Free Subscription Option of WOLF STREET? I Need Feedback. And the San Francisco WOLF STREET Meetup Photos Are Here by Wolf Richter • May 4, 2019 • 132 Comments Miss the photos at your own risk.
More Airline Woes: Avianca Brazil Gets Dismembered, Korea’s Asiana Airlines Gets Taxpayer Bailout, Air India Gets Rumors of Default by MC01 • May 4, 2019 • 50 Comments It Just Doesn’t Let Up With Airlines.
Fed’s QE Unwind Continues at Full Speed in April by Wolf Richter • May 3, 2019 • 85 Comments Fed sheds $46 Billion, Total QE Unwind Reaches $580 Billion. Assets drop to lowest level since Nov 2013.
Update on the Less-Splendid Housing Bubbles & Crushed Markets in America by Wolf Richter • May 2, 2019 • 37 Comments House prices set post-collapse record in Miami, flatten out in Las Vegas, Phoenix & once red-hot Charlotte, linger below Oct 2018 levels in Washington, DC & Chicago. Cincinnati & Detroit in a show of their own.