GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion by Wolf Richter • Feb 28, 2019 • 103 Comments Where would GDP growth be without federal borrow-and-spend?
“Shadow Banks” Dominate Mortgage Lending by Piling on Risks. Federal Housing Administration (FHA) on the Hook by Wolf Richter • Feb 27, 2019 • 66 Comments But deposit-taking banks have pulled back.
The Most Splendid Housing Bubbles in America Get Pricked by Wolf Richter • Feb 26, 2019 • 128 Comments San Francisco Bay Area & Seattle lead with biggest multi-month drops since 2012; San Diego, Denver, Portland, Los Angeles decline. Others have stalled. A few eke out records.
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money by Don Quijones • Feb 26, 2019 • 51 Comments The banks claim they’re complying with anti-money laundering regulations.
Oops, Imports by China, Emerging Asia Plunge Most Since 2008 by Wolf Richter • Feb 26, 2019 • 71 Comments These unsettling tidbits about sudden problems on the demand-side in China.
Inventory Pileup Sounds Alarm for Goods-Based Economy by Wolf Richter • Feb 25, 2019 • 61 Comments “In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics.
Consequences of “Leaving Interest Rates Very Low for a Long Time”: Bank of Canada Governor Poloz by Steve Saretsky • Feb 25, 2019 • 40 Comments A litany of problems, from too much debt to deflating housing bubbles in Vancouver and Toronto.
“New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets by Don Quijones • Feb 23, 2019 • 53 Comments French banks are heavily exposed to Italy.
Carmageddon for Ford in the US, China, and Europe by Wolf Richter • Feb 22, 2019 • 102 Comments The New Emissions & Fuel-Economy Cheating Scandal is just a Dimple.