UK Auto Production Plunges to 7-Year Low on Slumping Global Demand & “No Deal” Brexit Fears by Nick Corbishley • Aug 2, 2019 • 50 Comments Investment in the auto sector grinds to a halt.
The Biggie that Used to Be Strong: Nonresidential Construction Spending Suddenly Sags by Wolf Richter • Aug 1, 2019 • 52 Comments Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first).
From Less-Splendid Housing Bubbles to Crushed Markets in America, July Update by Wolf Richter • Aug 1, 2019 • 107 Comments Chicago struggles, Dallas-Fort Worth, Atlanta, Minneapolis, Charlotte reach new highs. Drum-roll for Detroit and Cleveland!
Two Fed Governors Defy Wall Street, the Media & Trump. Eight Buckle: Powell Tries to Explain, Confusingly Throws “Couple of Rate Hikes” into Mix. Stocks Tank by Wolf Richter • Jul 31, 2019 • 137 Comments “It is not the beginning of a long series of rate cuts”: Powell.
The Giant Sucking Sound of Financial Repression by Wolf Richter • Jul 31, 2019 • 104 Comments In the US alone, it impacts nearly $40 trillion — with consequences for the real economy.
The Most Splendid Housing Bubbles in America, July Update: Year-Over-Year Declines Spread to Seattle by Wolf Richter • Jul 30, 2019 • 89 Comments Seattle House prices fall year-over-year, as do New York & San Francisco Bay Area condo prices. Los Angeles, San Diego tick up. Denver, Boston hit highs. Las Vegas, Miami, Phoenix aspire to the crazy peaks of Housing Bubble 1.
ECB’s NIRP-Forever Policy “Destroys Banks’ Profitability Equation”: Bankia CEO. Spanish Banks Reel. Problems Stack Up by Nick Corbishley • Jul 30, 2019 • 47 Comments Spain’s Big Five banks (already down from the Big Six) could soon be four.
Fake Cash & Fake Accounting: Chinese Regulators Suddenly Halt 46 IPOs and Bond Offerings by Wolf Richter • Jul 29, 2019 • 83 Comments The companies are clients of China’s 2nd largest audit firm, now under investigation.
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression by Wolf Richter • Jul 28, 2019 • 115 Comments In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.
Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls by Nick Corbishley • Jul 28, 2019 • 42 Comments Construction industry has worst month since 2006, fourth month in a row of declines.
