Saudi Arabia about to Buckle in Oil Price War? by Contributor • Aug 12, 2016 • 16 Comments Weak GDP growth, higher fees and taxes, unable to pay its workers, leaving thousands from South Asia stranded. But… “Things are very fine.”
Big Unwind Begins in San Francisco, Miami, New York, Houston: Rents in “Primary Markets” Sunk by Apartment & Condo Glut by Wolf Richter • Aug 11, 2016 • 56 Comments Soaring rents have hit the wall of reality.
Profits Plunge, Sales Drop at Macy’s. Slashes Jobs, Closes Stores. Stock Jumps 18% by Wolf Richter • Aug 11, 2016 • 63 Comments Brick-and-mortar retail sinks artfully into coma.
Wendy’s CEO Blames Rising Inflation, Falling Wages, Election Mayhem for Restaurant Sector “Slowdown” by Wolf Richter • Aug 10, 2016 • 62 Comments Restaurants are a leading indicator of the economy into a downturn.
When Will the Record Corporate “Debt Binge” Collapse? by Wolf Richter • Aug 10, 2016 • 23 Comments “This year is unlike anything ever seen in the history of finance.”
This is When the Jobs “Recovery” Goes KABOOM by Wolf Richter • Aug 9, 2016 • 45 Comments A peculiar phenomenon has set in.
China Furious, French Energy Giant Desperate, as UK Stalls $24bn Nuclear Deal by Don Quijones • Aug 9, 2016 • 42 Comments It could crush EDF and the French nuclear industry. Or is it a Brexit negotiating ploy?
Chilling Thing Twitter Said about San Francisco’s Office Bubble by Wolf Richter • Aug 8, 2016 • 48 Comments Some of the smartest money got out last year.
It’s Getting Uglier in Spain by Don Quijones • Aug 8, 2016 • 36 Comments With attention riveted on the disintegration and “rescue” of Italy’s banks, other crises go unnoticed, including the gathering problems in government-less Spain.
City of London Office Values Plunge 6% in One Month by Wolf Richter • Aug 8, 2016 • 8 Comments “Global Economic Uncertainty,” Brexit meet UK Commercial Property Bubble.