Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
Is this the black-swan event people have been predicting for years?
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time?
Amazon takes over the last mile and everything else.
An arcane device that impacts so much.
These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.