Why Has UK Auto Manufacturing Collapsed 24% in Three Years? by Nick Corbishley • Feb 3, 2020 • 58 Comments 81% of the vehicles are exported; they can be built anywhere. Honda is leaving. Nissan may be too. Vauxhall may be shuttered. Jaguar Land Rover offshored some production. But EV production soared.
THE WOLF STREET REPORT: What Will the Coronavirus Do to the US & Chinese Economy? by Wolf Richter • Feb 2, 2020 • 179 Comments Is this the black-swan event people have been predicting for years?
Brexit Moment: Nigel Farage’s Dramatic Final Speech at the European Parliament (Video) by Wolf Richter • Feb 1, 2020 • 169 Comments The UK is out of the European Union, and “the rest frankly is detail.”
Real Estate Developer: Why I Value my Properties Conservatively by John McNellis • Feb 1, 2020 • 48 Comments As with the millions who subtract pounds and add inches to their dating site profiles, it’s very tempting to push values.
“In Aggregate,” Consumers Are Doing Pretty Good, But America’s Vast Income Disparity Skew the Data by Wolf Richter • Jan 31, 2020 • 101 Comments Consumers that added $1.3 trillion to their savings last year are not the ones who owe $1 trillion on their credit cards.
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.
