Toronto’s Splendid Housing Bubble Turns to Bust by Wolf Richter • May 3, 2018 • 70 Comments Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months.
Tesla Discloses Worst Quarterly Zinger of a Loss Ever, Burns $1.1 Billion Cash by Wolf Richter • May 2, 2018 • 106 Comments Not The Boring Company, but The Hopeless Company.
Wow that’s Fast: Mortgage Rates Jump to 2011 Levels by Wolf Richter • May 2, 2018 • 104 Comments What will Housing Bubble 2 do when mortgage rates hit 6%?
Update on the Most Splendid Rental Bubbles & Crashes in the US by Wolf Richter • May 1, 2018 • 75 Comments Chicago rents collapse, New York’s swoon, Southern California’s boom. And the US average hides all the drama on the ground.
Uber Loses Share to Lyft. Both Crush Rental Cars and Taxis by Wolf Richter • Apr 30, 2018 • 94 Comments War in business ground transportation. But tipping is not popular.
UK Bank’s IT Disaster Enters 2nd Week, Contagion Fears Rise by Don Quijones • Apr 30, 2018 • 28 Comments “This turned what was a super-hard systems job [into] a clusterfuck in the making.”
Rate Hike Ammo by Wolf Richter • Apr 30, 2018 • 61 Comments Fed’s favorite inflation gauge spikes, consumer spending holds up solidly.
Fight for Deposits Erupts among Banks, with Winners & Losers by Wolf Richter • Apr 29, 2018 • 52 Comments But it’s a godsend for savers.
China’s Oil Futures Are Gaining Momentum by Nick Cunningham • Apr 29, 2018 • 31 Comments But just because the contract was launched does not mean it will become dominant, or even relevant.
Are European Companies Ready for Life Without Draghi? by Don Quijones • Apr 29, 2018 • 35 Comments Not going to be easy, especially for “zombie” companies.