Global Slowdown, Internal Issues Hit Mexico: GDP Drops for First Time Since 2009 by Nick Corbishley • Jan 31, 2020 • 21 Comments President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.”
Student Enrollment Dropped 11% Since 2011, Student-Loan Balances Surged 74%. Why? by Wolf Richter • Jan 30, 2020 • 109 Comments What’s Behind the Screwed-Up Student Loan Fiasco?
US GDP Rose by $850 Billion in 2019 as US National Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108% by Wolf Richter • Jan 30, 2020 • 133 Comments Dream of 3% economic growth remained a dream despite surge in government borrowing and spending.
Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without “Regulatory Credits,” it Would Have Lost $28 Million. Annual Loss Hits $862 Million. Shares Spike 12% by Wolf Richter • Jan 29, 2020 • 137 Comments OK, let’s look at the Tesla magic briefly.
What Happens When Investors Stop Fueling Cash-Burn Machines: At MoviePass Parent, Everything Goes to Zero by Wolf Richter • Jan 29, 2020 • 94 Comments Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.
The Most Splendid Housing Bubbles in America, January Update by Wolf Richter • Jan 28, 2020 • 82 Comments Prices in New York City condo market, San Francisco Bay Area, Seattle down to early 2018 levels. Chicago nearly flat from year ago. Other markets rise. Phoenix, Tampa, Charlotte surge.
Ring Doorbell App Packed with Third-Party Trackers to Surveil its Own Customers by Electronic Frontier Foundation • Jan 28, 2020 • 97 Comments Internet of Things at Home: Ring sends the surveillance data of its own customers to third parties, including Facebook.
Startup Unicorn Casper Sets IPO Price Range to Dish Out 36% Loss to Prior Investors by Wolf Richter • Jan 27, 2020 • 96 Comments Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
THE WOLF STREET REPORT: What’s Behind the Screwed-Up Student Loan Fiasco? by Wolf Richter • Jan 26, 2020 • 225 Comments Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
Gift Turns into Kafkaesque Ordeal: How My Two WOLF STREET Beer Mugs “Were Disappeared” in Spanish Customs by Nick Corbishley • Jan 25, 2020 • 66 Comments Many people report similar nightmares trying and failing to get their packages out of Spanish customs.