“Double Whammy of Rising Rates for Us and Our Consumers”: AutoNation by Wolf Richter • Oct 31, 2018 • 70 Comments We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
Declines Hit the Most Splendid Housing Bubbles in America by Wolf Richter • Oct 30, 2018 • 87 Comments Seattle prices fall sharply. New York condo prices nearly flat for the year. First feeble declines in San Francisco, Dallas, Denver, etc. Something is afoot.
Why’s France so Worried about Italy’s Showdown with Brussels? by Don Quijones • Oct 30, 2018 • 27 Comments The French megabanks are on the hook.
FANGMAN Stocks Come Unglued, Early Rally Craps Out by Wolf Richter • Oct 29, 2018 • 77 Comments Amazon, Google, Netflix, Nvidia get crushed. Et tu Apple?
Whiff of Panic After Mexico Voted to Scrap Mega-Airport & Corruption Project by Don Quijones • Oct 29, 2018 • 37 Comments Now everything is up in the air, so to speak.
Why I think the Ugly October in Stocks Is Just a Preamble by Wolf Richter • Oct 27, 2018 • 116 Comments Yet, the crybabies on Wall Street are already clamoring for the “Powell put.”
Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending by Don Quijones • Oct 26, 2018 • 15 Comments Cash is less of a threat to central bank policies when interest rates rise above zero.
There’s Nothing in this GDP Report to Slow the Fed’s Rate Hikes by Wolf Richter • Oct 26, 2018 • 50 Comments But ballooning inventories point at risks next year.
Friday Hasn’t Even Started Yet, But It’s Already Ugly by Wolf Richter • Oct 25, 2018 • 121 Comments The FANGMAN stocks went to heck afterhours.