Update on the Fed’s QE Unwind by Wolf Richter • Jun 8, 2018 • 101 Comments Just as the Fed created money to buy Treasuries and MBS during QE, it now destroys money as these securities “roll off” the balance sheet.
Screwed: Real Estate Brokers Tell All by John McNellis • Jun 7, 2018 • 43 Comments Success means being able to choose who you work with.
How Chinese Investors Inflate Housing Markets in the US, Canada, and Australia, as Governments Try to Stem the Tide by Wolf Richter • Jun 7, 2018 • 139 Comments The “waterbed effect” of money flows.
Venezuela’s Oil Meltdown Defies Belief by Nick Cunningham • Jun 6, 2018 • 40 Comments Even the most pessimistic output scenarios could turn out to be too hopeful.
Heavy Truck Industry on Cloud 9, Shippers Face “Capacity Crisis” by Wolf Richter • Jun 6, 2018 • 32 Comments “Veterans in this industry are saying this is the best freight market they have ever seen.”
Tragicomic Farce at UK Bank TSB Enters Week 7 of IT Chaos by Don Quijones • Jun 6, 2018 • 25 Comments Bank-friendly regulators finally show some interest.
Huge New Prop under the Stock Market is a One-Time Affair by Wolf Richter • Jun 5, 2018 • 87 Comments Crash insurance with an expiration date. But its working while it lasts.
FANGMAN Stocks Are Not a Bubble, Pleads Goldman Sachs by Wolf Richter • Jun 5, 2018 • 128 Comments This time, it’s different, say the strategists. So we’ll take a look.
Citibank, Deutsche Bank, ANZ to Fight Possible “Criminal Cartel” Charges in Australia by Safehaven • Jun 4, 2018 • 17 Comments There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
Toronto’s House Price Bubble Not Fun Anymore by Wolf Richter • Jun 4, 2018 • 56 Comments Average price of single-family house plunges 13%, or C$160,000 from peak. Sales of homes priced over C$1.5 million collapse by 63%. Condos still hanging on.