Cash-Flow Zombie Netflix Extracts Another $2 Billion from Befuddled Investors. Here’s How it Tricks Up its Earnings by Wolf Richter • Oct 21, 2019 • 154 Comments Having burned cash for 22 years and counting.
THE WOLF STREET REPORT: Here’s What I’m Worried About with the Everything Bubble by Wolf Richter • Oct 20, 2019 • 153 Comments How cash-burn machines power the real economy, and what happens to that economy when investors refuse to have more of their cash burned.
Canada’s Most Splendid Housing Bubbles v. its Other Markets, September Update by Wolf Richter • Oct 19, 2019 • 54 Comments Vancouver house price bubble deflates 14th month in a row. Toronto matches 2017 peak. Calgary, Edmonton beaten up by oil bust. Quebec City flat for 6 years. Montreal, Ottawa hit new highs.
Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows by Wolf Richter • Oct 18, 2019 • 81 Comments How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.
There Are a Couple of Things Not Coming Together Here by Wolf Richter • Oct 17, 2019 • 131 Comments I Get it: Stock-Market Shorts Sit on Sideline, Fearing Rally. Investors Deleverage, Fearing Sell-Off. VIX Falls Asleep, Fearing Nothing.
Housing Bubble in Silicon Valley & San Francisco Bay Area Turns to Bust Despite Low Mortgage Rates & Startup Millionaires by Wolf Richter • Oct 16, 2019 • 95 Comments Ironically, house prices dropped the most in Silicon Valley.
Braindead or Willfully Manipulative? How the Media Reported Retail Sales by Wolf Richter • Oct 16, 2019 • 72 Comments Like a centrally directed disinformation campaign. Here’s what happened.
Why Banks Didn’t Lend to the Repo Market When Rates Blew Out: JPMorgan CEO Dimon by Wolf Richter • Oct 15, 2019 • 89 Comments “Does that mean that we have bad markets?”
JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated by Nick Corbishley • Oct 15, 2019 • 24 Comments Collusion and “absolute monopoly practices.”
Dual-Track Economy: Slowdown in Industrial Sectors Hits Truckers & Railroads. But Consumers Are Still Buying Stuff by Wolf Richter • Oct 14, 2019 • 30 Comments The hangover after the tariff-front-run boom last year.