Silicon Valley Is Slowing, Whether for a Quick Breather or Extended Time-Out, I Have No Idea (Guessing the Latter) by John McNellis • Sep 30, 2019 • 72 Comments Strongest argument in favor of an air-walking economy is WeWork, Uber, Lyft, and other unicorns destined to never make a dime. Throwing billions of dollars at these losers is a recessionary harbinger.
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.
THE WOLF STREET REPORT: What to Do About the Student-Loan Fiasco? by Wolf Richter • Sep 8, 2019 • 218 Comments OK, I’m going to wade into this debate — but with my boots on.
Delinquency Rates of Student-Housing CMBS Spike by Wolf Richter • Sep 8, 2019 • 128 Comments The once hot asset class of high-end student housing runs into reality.
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.
Brick & Mortar Meltdown’s Ugly Week in Record-Ugly Year by Wolf Richter • Aug 9, 2019 • 113 Comments Store liquidations in 2019 have blown past the full-year total of 2018. The phenomenon is proceeding with relentless momentum.
The Biggie that Used to Be Strong: Nonresidential Construction Spending Suddenly Sags by Wolf Richter • Aug 1, 2019 • 52 Comments Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first).
When the Music of the “Wealth Effect” Stops by Wolf Richter • Jul 4, 2019 • 90 Comments The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy.
Apartment Rents Fall in Seattle, Southern California, New York, Oakland, San Jose, Chicago, Honolulu by Wolf Richter • Jul 1, 2019 • 66 Comments But 8 markets show double-digit increases.
This is What Happened Next After Special Interests at U.C., Berkeley Retrieved their Power by John McNellis • Jun 28, 2019 • 43 Comments Hundreds of millions of dollars in lost opportunities, bungled projects, and out-right featherbedding.
