New Trucks are Hot, Prices Surge. But Cars Face Carmageddon. And Total Sales Fall by Wolf Richter • Feb 5, 2019 • 91 Comments Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
QE Party Goes Dry, Bank of Japan Tries to Confuse the Markets by Wolf Richter • Feb 4, 2019 • 65 Comments During the selloff in Dec., the BOJ shed $31 billion. But in Jan., it piled on.
THE WOLF STREET REPORT by Wolf Richter • Feb 3, 2019 • 59 Comments Is this the Beginning of a Globalized Housing Downturn?
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It by Wolf Richter • Feb 2, 2019 • 62 Comments “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued by Wolf Richter • Feb 1, 2019 • 77 Comments “Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? by Wolf Richter • Jan 31, 2019 • 136 Comments China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. So far, so good.
New House Prices Drop 12% as Supply Surges by Wolf Richter • Jan 31, 2019 • 59 Comments Unwinding years of price gains as homebuilders try to make deals.
Home Sales to Get Even Uglier in Near Future by Wolf Richter • Jan 31, 2019 • 34 Comments “Dripping down, down, down. Frustrating that the housing market is not recovering”: National Association of Realtors
Fed’s QE Unwind to Continue on Autopilot, Rate Hikes on Hold for “Common-Sense Risk Management”: Powell by Wolf Richter • Jan 30, 2019 • 111 Comments QE may restart only if things get really ugly – think Financial Crisis.
The Most Splendid Housing Bubbles in America Shrink by Wolf Richter • Jan 29, 2019 • 94 Comments Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline.
