THE WOLF STREET REPORT: IPOs Crash & Burn, Debris Hits Housing, Office Markets by Wolf Richter • Sep 29, 2019 • 99 Comments Signs are now all over Silicon Valley and San Francisco.
Treasury’s Weak Denial Acts as Confirmation: US Weighs Crackdown on Capital Flows to Chinese Companies, Stocks & Bonds, Listed in the US or China by Wolf Richter • Sep 28, 2019 • 115 Comments Stocks of Chinese companies listed in the US have turned into a fiasco.
Rents in the USA: from the Priciest ZIP Codes to the Cheapest by Wolf Richter • Sep 27, 2019 • 72 Comments The entire spectrum, From Battery Park City in Manhattan to Wichita.
Nearly out of Cash, WeWork Shifts into Shrink & Survive Mode by Wolf Richter • Sep 26, 2019 • 126 Comments The house cleaners come in, halt all new leases, dump side businesses, sell corporate jet, lay off thousands, purge “Adam’s posse” – in just two days.
How Employees & Employers Get Bled by Health Insurance by Wolf Richter • Sep 25, 2019 • 181 Comments Something is seriously wrong with this system.
Less-Splendid Housing Bubbles & Crushed Markets in America, September Update by Wolf Richter • Sep 25, 2019 • 15 Comments Price gains down to trickle in Chicago. Red-hot Dallas slows. Charlotte & Minneapolis surge. Crushed Detroit and Cleveland hit new highs.
The Most Splendid Housing Bubbles in America, Sep. Update by Wolf Richter • Sep 24, 2019 • 106 Comments Seattle house prices fall year-over-year. New York condos flat 24 months. San Francisco Bay Area flat 12 months despite startup millionaires. Los Angeles barely up from year ago. Boston ticks up…
Altria Rues the Day it Plowed $13 Billion into Super-Unicorn Juul by Wolf Richter • Sep 23, 2019 • 126 Comments Dark Side Comes to the Fore: Juul is the Second Highest Valued US Unicorn, Behind WeWork Which Crashed & Burned. Now it’s Juul’s Turn.
Asset Class of Vintage Cars Drops into Bear Market, Down by More than in 2008/2009 by Wolf Richter • Sep 22, 2019 • 127 Comments “Expert sentiment is at its lowest point since October 2010, largely due to market observers’ reactions to the Monterey auctions.”
Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos (which was ‘Plan A’ till 2008) by Wolf Richter • Sep 20, 2019 • 161 Comments The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future.
