After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust by Don Quijones • May 13, 2019 • 28 Comments This time it’s about the safe deposit boxes at Metro Bank.
Nasdaq Drops 6.3% in 6 Days, as Uber & Lyft IPOs Turn into Colossal Flops. S&P 500 Chart Not Pretty by Wolf Richter • May 13, 2019 • 55 Comments Russell 2000 back where it had first been in November 2017.
Boeing, Airbus Carve up Embraer & Bombardier, Chinese Aircraft Makers Still Learning the Ropes by MC01 • May 13, 2019 • 28 Comments Aircraft manufacturing consolidates.
THE WOLF STREET REPORT by Wolf Richter • May 12, 2019 • 48 Comments Why a US-Style Mortgage Crisis Can Happen Anywhere.
QE Party Over, Bank of Japan Stealth-Tapers Further by Wolf Richter • May 11, 2019 • 54 Comments Straggler behind the Fed and the ECB gets the drift.
Inflation by City, from Hot to Cool, from San Francisco to Chicago by Wolf Richter • May 10, 2019 • 87 Comments Here’s Where Americans Suffer Hot Inflation, But There Are Cool Spots Too
Veil Over Money Laundering in Real Estate Lifted in BC, Canada by Stephen Punwasi • May 10, 2019 • 39 Comments “More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.”
House Flipper Zillow Lost $109K (37%) Per Flip, Net Loss Triples, Shares Soar by Wolf Richter • May 10, 2019 • 105 Comments But this new and horrendous house flipping operation inflated revenues “more than expected.”
In July, I Stuck My Neck Out to See a Housing Market Turning Point in San Francisco Bay Area’s Sonoma County: Here’s an Update on My Neck by Wolf Richter • May 9, 2019 • 45 Comments Now even the surface of the market has softened, not just the underlying dynamics.
US Senator Aims at Big Gaming, Tries to Ban “Loot Boxes” & “Pay-to-Win,” Puts $50 Billion in Revenues at Risk. Here’s How Gamers Reacted by Adam Williams • May 9, 2019 • 41 Comments The reception of the bill has been fascinating.
