After Laying off Thousands, Boeing CEO Says Offshoring Work to China Won’t “Directly Harm” US Jobs by Wolf Richter • Jun 8, 2017 • 111 Comments “We know as we’re investing there, we’re also creating a competitor.”
“Largest Single Arms Deal in US History” Turns into “Fake News” by Wolf Richter • Jun 8, 2017 • 39 Comments Shares of US Defense Contractors not amused.
Next Asset Bubble Cracks: It’s so Big even the Fed is Fretting by Wolf Richter • Jun 7, 2017 • 61 Comments Commercial Real Estate’s boom-and-bust cycle heads south.
San Francisco Home Prices Suddenly Go Nuts Again by Wolf Richter • Jun 6, 2017 • 85 Comments But condos have issues: “Foreign buyers have played a significant role; it is possible this demand has declined due to political issues here and in China.”
Great Debt Unwind: Bankruptcies by Consumers and Businesses Jump by Wolf Richter • Jun 6, 2017 • 145 Comments The Debt Slaves are beginning to buckle under their loads.
Toronto’s Housing Bubble Pops. “The Frenzy is Over – It’s Over” by Wolf Richter • Jun 5, 2017 • 135 Comments New listings soar as sales plunge. Prices drop 6% in just one month.
It Starts: Hiring Falls in San Francisco Bay Area, Says LinkedIn by Wolf Richter • Jun 4, 2017 • 116 Comments Tech skills are suddenly “abundant” in San Francisco and Silicon Valley.
Haunting Photos of #Carmageddon: Hyundai Gets Crushed, as GM, Ford, Others Struggle by Wolf Richter • Jun 2, 2017 • 123 Comments Factory-fresh Hyundais stored on vast new gravel lots near Mexican border.
Rents Deflate in the Hottest US Cities, Soar in Cheaper Cities by Wolf Richter • Jun 1, 2017 • 75 Comments Honolulu rents plunge 19%. Landlords scramble. Check the 100 most expensive markets.
Oh My, Those Conflicted American Consumers…. by Wolf Richter • May 31, 2017 • 113 Comments The divide in economic confidence has become extreme.
