THE WOLF STREET REPORT: Fuel for the Next Mortgage Bust? by Wolf Richter • Aug 11, 2019 • 130 Comments Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers
Why Have Global Semiconductor Sales Plunged & Gotten Stuck at These Levels for 5 Months Now? by Wolf Richter • Aug 10, 2019 • 79 Comments Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
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.
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed by Nick Corbishley • Aug 9, 2019 • 43 Comments This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
How Can a Company Lose $5.2 Billion on $3.2 Billion in Revenue? Uber Shows How by Wolf Richter • Aug 8, 2019 • 152 Comments And rideshare revenue is stagnating.
Is the Everything Bubble Ripe Yet? by Wolf Richter • Aug 8, 2019 • 110 Comments Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
The State of the American Debt Slaves, Q2 2019 by Wolf Richter • Aug 7, 2019 • 135 Comments The bifurcation among consumers.
Trade War Effect: Video-Game Console Makers Microsoft, Sony & Nintendo Prepare to Move Production out of China by Adam Williams • Aug 7, 2019 • 63 Comments The bottom lines in a very competitive business are threatened.
Financial World Gone Nuts: $15 Trillion Negative Yielding Debt by Wolf Richter • Aug 6, 2019 • 170 Comments 12 countries with negative 10-year yields. A race to hell.
Investor Sentiment Goes to Heck After Draghi’s Easing Promise by Nick Corbishley • Aug 6, 2019 • 27 Comments Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.