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.
Miami Real Estate Is About To Collapse… This is About Condos, and it Would Be Funny if it Weren’t so Serious by Kuppy • Sep 26, 2019 • 118 Comments On the surface, Miami’s condo market is in trouble. But beneath the surface, “the whole system is jammed up.”
How Employees & Employers Get Bled by Health Insurance by Wolf Richter • Sep 25, 2019 • 181 Comments Something is seriously wrong with this system.
Less-Splendid Housing Bubbles & Crushed Markets in America, September Update by Wolf Richter • Sep 25, 2019 • 15 Comments Price gains down to trickle in Chicago. Red-hot Dallas slows. Charlotte & Minneapolis surge. Crushed Detroit and Cleveland hit new highs.
The Most Splendid Housing Bubbles in America, Sep. Update by Wolf Richter • Sep 24, 2019 • 106 Comments Seattle house prices fall year-over-year. New York condos flat 24 months. San Francisco Bay Area flat 12 months despite startup millionaires. Los Angeles barely up from year ago. Boston ticks up…
The September Airline Massacre in Europe by MC01 • Sep 24, 2019 • 82 Comments And these are still the good times, with growing passenger traffic.
Altria Rues the Day it Plowed $13 Billion into Super-Unicorn Juul by Wolf Richter • Sep 23, 2019 • 126 Comments Dark Side Comes to the Fore: Juul is the Second Highest Valued US Unicorn, Behind WeWork Which Crashed & Burned. Now it’s Juul’s Turn.
Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History” by Nick Corbishley • Sep 23, 2019 • 72 Comments Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.
Asset Class of Vintage Cars Drops into Bear Market, Down by More than in 2008/2009 by Wolf Richter • Sep 22, 2019 • 127 Comments “Expert sentiment is at its lowest point since October 2010, largely due to market observers’ reactions to the Monterey auctions.”
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations by Nick Corbishley • Sep 22, 2019 • 66 Comments Situation already so bad that hiding debt becomes a priority?