Despite Startup Millionaires, the Most Splendid Housing Bubbles in America Deflate. Crushed Markets Scramble Higher by Wolf Richter • Nov 26, 2019 • 87 Comments Prices skid in the San Francisco Bay Area, Seattle & New York. Other markets lose steam. A few power on. Crushed markets scramble to new (low) highs.
After Years of Threats, Schwab Joins Exodus, to Move Headquarters from San Francisco to Texas by Wolf Richter • Nov 25, 2019 • 195 Comments It has been shrinking its way out of the City for years. And it’s not the first major company to make the move.
THE WOLF STREET REPORT: What’s Behind the Subprime Consumer Loan Implosion? by Wolf Richter • Nov 24, 2019 • 170 Comments These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust by Wolf Richter • Nov 23, 2019 • 102 Comments Including billionaires who thought they’d picked the bottom in 2016.
Brick & Mortar Melts Down as Ecommerce Jumps by Most Ever by Wolf Richter • Nov 22, 2019 • 235 Comments Department stores get crushed one by one.
Chinese Stock Collapses 98% in Hours After MSCI Flip-Flops: How Index Providers Saddle US Pension Funds with Stock Scams by Wolf Richter • Nov 21, 2019 • 99 Comments Despite my assurances that “Nothing Goes to Heck in a Straight Line,” a Chinese stock just did.
The Fed Slaps Down Negative Interest Rates by Wolf Richter • Nov 20, 2019 • 107 Comments A serious rejection in its first major discussion of negative interest rates recounted in the FOMC minutes.
Fed Switches from Mid-Cycle “Adjustment” to Wait-and-See, Pending “Material Reassessment” of its Economic Outlook by Wolf Richter • Nov 20, 2019 • 21 Comments My Fancy-Schmancy “Fed Hawk-o-Meter.”
Fear of “Reversal Rates” Sets in, Says the Fed by Wolf Richter • Nov 20, 2019 • 104 Comments The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
Canada’s Most Splendid Housing Bubbles v. Its Other Markets, October Update by Wolf Richter • Nov 19, 2019 • 54 Comments Vancouver has tiny uptick after 14 declines. Toronto dips below July 2017 peak. Victoria ekes out high. Calgary, Edmonton stuck below oil-boom peaks years ago. Quebec City flat 6 years. Montreal ticks down from high…
