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.
Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble? by Wolf Richter • Jan 29, 2019 • 52 Comments Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
The Chilling Thing Nvidia Just Said about China & Tech by Wolf Richter • Jan 28, 2019 • 57 Comments China anguish is piling up.
THE WOLF STREET REPORT by Wolf Richter • Jan 27, 2019 • 68 Comments And then the Stock Selloff Starts All Over Again.
We’re Flying with Eyes Partially Closed into Turbulent Markets & Economy by Wolf Richter • Jan 25, 2019 • 66 Comments But for the markets: “No Data is Good Data”
Big Exporters are Losing It: US Manufacturing Gains. Germany, Japan, China not so Lucky by Wolf Richter • Jan 24, 2019 • 66 Comments Central-Bank Stimulus Fail: The longer it drags on, the worse it gets?
What an Investment Fund, Forced to Take a Big Loss, Said about the Housing Bust in Prime Central London by Wolf Richter • Jan 23, 2019 • 46 Comments “Probably now enduring its most protracted period of price suppression since records began.”
Record Defaults by Chinese Companies: Fake “Cash” & Fake Accounting by Wolf Richter • Jan 23, 2019 • 54 Comments Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch
Prepping for Bankruptcy, PG&E Secures $5.5 Billion in “Debtor-in-Possession” Financing. What is “DIP” Financing? by Wolf Richter • Jan 22, 2019 • 77 Comments Here’s how a soon-to-be bankrupt company that’ll default on all its debts can still borrow $5.5 billion.
US Home Sales Get Uglier by Wolf Richter • Jan 22, 2019 • 67 Comments But these are still the good times.
