Canada’s Most Splendid Housing Bubbles, July Update by Wolf Richter • Aug 20, 2019 • 66 Comments Vancouver sags. Calgary, Edmonton down from many years ago. Toronto rises but below 2017 peak. Montreal, Ottawa hit new highs.
How the Ecommerce Boom Crushes “Mall Retailers” One by One by Wolf Richter • Aug 19, 2019 • 129 Comments The segments at the core of the Brick-and-Mortar Meltdown.
THE WOLF STREET REPORT: How Negative Interest Rates Screw Up the Economy by Wolf Richter • Aug 18, 2019 • 149 Comments Now they’re clamoring for the NIRP absurdity in the US. How will this end?
US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities? by Wolf Richter • Aug 17, 2019 • 94 Comments Nope, the Fed dumped. But there was huge demand elsewhere.
Freight Shipments Suffer Steepest Drops since Financial Crisis, Overcapacity Balloons by Wolf Richter • Aug 16, 2019 • 77 Comments For Trucking and Railroads, it’s Hangover Time.
It Starts: First Truck Maker Cuts Production by Wolf Richter • Aug 16, 2019 • 12 Comments Navistar confirms next phase in Transportation Recession.
Housing Bubble 2 in San Francisco Bay Area & Silicon Valley Pops Despite Startup Millionaires & Low Mortgage Rates by Wolf Richter • Aug 15, 2019 • 123 Comments House prices dropped again – and ironically the most in San Francisco and Silicon Valley.
In Hilarious IPO Filing, WeWork Dreams of $3 Trillion in Revenue But Has Billions in Losses. Red-Ink Massacre to Come in 2nd Half by Wolf Richter • Aug 14, 2019 • 145 Comments All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
Fuel for the Next Mortgage Bust? by Wolf Richter • Aug 14, 2019 • 66 Comments Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.
Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010 by Wolf Richter • Aug 13, 2019 • 99 Comments But these are the good times. Automakers are not amused.
