US Auto Imports from Mexico Surge 10% in Q1 to New Record, Despite Dropping Sales in the US by Don Quijones • Apr 24, 2019 • 19 Comments 16% of the 4 million new vehicles sold in the US in Q1 were assembled in Mexico.
Cut the Price and They Will Come: New House Prices Drop to December 2014 Level by Wolf Richter • Apr 23, 2019 • 63 Comments So Sales Finally Tick Up.
Stock-Market Margin Debt, after Plunging in Q4, Has Not Bounced Back Despite S&P 500 Historic Surge by Wolf Richter • Apr 23, 2019 • 33 Comments Leery investors?
Lower Mortgage Rates No Relief for US Home Sales by Wolf Richter • Apr 22, 2019 • 93 Comments There is plenty of supply, but it’s the wrong supply, priced too high.
THE WOLF STREET REPORT by Wolf Richter • Apr 21, 2019 • 89 Comments Can the US Government Just Keep Piling on Debt?
London Home Prices Had Biggest Monthly Drop Since Lehman by Don Quijones • Apr 20, 2019 • 31 Comments February was bad. Housing market weakness is now spreading out from London.
California’s Housing Bubble Counts on Blistering Population Growth, But it’s Fizzling by Wolf Richter • Apr 19, 2019 • 112 Comments Los Angeles population drops, San Francisco & Silicon Valley population rises least since 2010, North Bay’s population drops.
Retail’s Existential Threat? Private Equity Firms by John McNellis • Apr 19, 2019 • 63 Comments A “bust out” is a fraud used in organized crime, wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy.
Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued by Wolf Richter • Apr 18, 2019 • 63 Comments Greed and scheming dominated the five deals: SHO, the spinoffs of Orchard, Sears Canada, Lands’ End, and the putrid Seritage deal.
Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS by Don Quijones • Apr 18, 2019 • 19 Comments Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis.