Good Lordy, What a Banner Year 2018 was for China, Other Countries, and Corporate America by Wolf Richter • Mar 6, 2019 • 101 Comments Trade goes out-of-whack as Corporate America searches for cheap labor & tax benefits.
Trucking Boom U-Turns by Wolf Richter • Mar 5, 2019 • 28 Comments Another Gauge of the Goods-Based Economy Heads South.
Sharply Lower Prices Help Sell New Houses, But it’s Not Enough by Wolf Richter • Mar 5, 2019 • 125 Comments Inventory continues to surge. Potential buyers move on.
More Lousy Data Emerges after Government Shutdown: Construction Spending by Wolf Richter • Mar 4, 2019 • 54 Comments Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data.
THE WOLF STREET REPORT by Wolf Richter • Mar 3, 2019 • 75 Comments Another Global Financial Crisis, with China at the Epicenter?
US is Cleanest Dirty Shirt Among Manufacturing Giants. China, Japan & Germany Sink by Wolf Richter • Mar 3, 2019 • 56 Comments The four account for 58% of global manufacturing value added. And the big exporters are getting hit.
Automakers in the UK Are Not Amused by Don Quijones • Mar 2, 2019 • 55 Comments Laying off workers and closing plants as exports and production plunge — Jaguar Land Rover is the biggie.
The Biggest Retailers Are Too Scared to Disclose this Data. But Nordstrom Just Did by Wolf Richter • Mar 1, 2019 • 75 Comments How its own online sales, now one-third of its total sales, eat its brick & mortar. But it’s a matter of survival.
Balance Sheet “Error” Wreaks Havoc on UK’s Fastest Growing, Most Popular Bank by Don Quijones • Mar 1, 2019 • 25 Comments But (well-connected?) investors started smelling a rat 10 months before the first disclosure.
Home Prices in Sydney & Melbourne Spiral Down, Bust Spreads. IMF to Regulators: “Reinforce Financial Crisis Management” by Wolf Richter • Feb 28, 2019 • 61 Comments Bitter irony: Government told first-time buyers 5 months before bust began to “get into the Sydney housing market”; once in, “you’re pretty well set for life.”