#Carmageddon for Rental Car Companies: Wolf Richter on WRKO Boston by Wolf Richter • May 11, 2017 • 39 Comments Automakers and the used car market catch shrapnel. Uber did it.
In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency” by Don Quijones • May 10, 2017 • 49 Comments Because Italy’s banking crisis and other problems have not been solved.
Miami “Preconstruction” Condo Flippers Drown in Glut by Wolf Richter • May 10, 2017 • 86 Comments With zero resales, “actual market value of the units in the project is uncertain.”
“The Great Narrowing” of the S&P 500 by Wolf Richter • May 9, 2017 • 54 Comments “The new 1%” gained $260 billion since March 1, the 99% lost $260 billion.
Retail Meltdown Demolishes Mall Investors by Wolf Richter • May 9, 2017 • 76 Comments Even the biggest.
Consumers Slash Spending Growth Expectations by Wolf Richter • May 8, 2017 • 118 Comments Lowest Level in Fed’s Data. The wallet does something embarrassing.
Hertz Gets Crushed after “Even Worse than Expected” Loss by Wolf Richter • May 8, 2017 • 21 Comments #Carmageddon and Uber did it. For Carl Icahn, it just doesn’t let up.
Where the Heck is the Macron-Victory Rally? by Wolf Richter • May 8, 2017 • 34 Comments Everything is fizzling.
Answers Emerge: This is How Badly Uber Eats into Hertz by Wolf Richter • May 7, 2017 • 65 Comments Uber burns a lot more cash, but Hertz gets keelhauled.
Spain’s Government Presses Property-Bubble Rewind Button by Don Quijones • May 6, 2017 • 20 Comments Taxpayer-funded subsidies to benefit banks, real estate agencies, construction companies, PE firms, and landlords.