SoftBank to Book Loss of up to $7 Billion on WeWork, Uber, Others, after Showering $1.7 Billion on Neumann and Hanging his Employees Out to Dry by Wolf Richter • Oct 24, 2019 • 136 Comments However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
Despite Ultra-Low Mortgage Rates, New House Prices Drop to Multi-Year Low by Wolf Richter • Oct 24, 2019 • 102 Comments Last time prices fell like this was during the Financial Crisis. But now, there is no crisis.
“It’s Different This Time” Takes Root in the Junk-Bond Market Amid Parallels to Post-Lehman 2008 by Wolf Richter • Oct 23, 2019 • 88 Comments And so far, so good.
Here’s What I’m Worried About with the Everything Bubble by Wolf Richter • Oct 23, 2019 • 136 Comments How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.
Why Online Shoppers Face Peculiar Results on Black Friday by Wolf Richter • Oct 22, 2019 • 66 Comments “Dynamic Pricing” Online: Are Prices on Black Friday Actually Good Deals?
Cash-Flow Zombie Netflix Extracts Another $2 Billion from Befuddled Investors. Here’s How it Tricks Up its Earnings by Wolf Richter • Oct 21, 2019 • 154 Comments Having burned cash for 22 years and counting.
THE WOLF STREET REPORT: Here’s What I’m Worried About with the Everything Bubble by Wolf Richter • Oct 20, 2019 • 153 Comments How cash-burn machines power the real economy, and what happens to that economy when investors refuse to have more of their cash burned.
Canada’s Most Splendid Housing Bubbles v. its Other Markets, September Update by Wolf Richter • Oct 19, 2019 • 54 Comments Vancouver house price bubble deflates 14th month in a row. Toronto matches 2017 peak. Calgary, Edmonton beaten up by oil bust. Quebec City flat for 6 years. Montreal, Ottawa hit new highs.
Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows by Wolf Richter • Oct 18, 2019 • 81 Comments How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
There Are a Couple of Things Not Coming Together Here by Wolf Richter • Oct 17, 2019 • 131 Comments I Get it: Stock-Market Shorts Sit on Sideline, Fearing Rally. Investors Deleverage, Fearing Sell-Off. VIX Falls Asleep, Fearing Nothing.
