Housing Bubble 2 in San Francisco Bay Area & Silicon Valley Pops Despite Startup Millionaires & Low Mortgage Rates by Wolf Richter • Aug 15, 2019 • 123 Comments House prices dropped again – and ironically the most in San Francisco and Silicon Valley.
In Hilarious IPO Filing, WeWork Dreams of $3 Trillion in Revenue But Has Billions in Losses. Red-Ink Massacre to Come in 2nd Half by Wolf Richter • Aug 14, 2019 • 145 Comments All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
Fuel for the Next Mortgage Bust? by Wolf Richter • Aug 14, 2019 • 66 Comments Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.
Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010 by Wolf Richter • Aug 13, 2019 • 99 Comments But these are the good times. Automakers are not amused.
Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations by Wolf Richter • Aug 13, 2019 • 70 Comments Here is where inflation runs hot – and it’s not imported consumer goods.
Brain-Dead Investors Get Crapped on Again by Argentina by Wolf Richter • Aug 12, 2019 • 109 Comments They had it coming.
THE WOLF STREET REPORT: Fuel for the Next Mortgage Bust? by Wolf Richter • Aug 11, 2019 • 130 Comments Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers
Why Have Global Semiconductor Sales Plunged & Gotten Stuck at These Levels for 5 Months Now? by Wolf Richter • Aug 10, 2019 • 79 Comments Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
Brick & Mortar Meltdown’s Ugly Week in Record-Ugly Year by Wolf Richter • Aug 9, 2019 • 113 Comments Store liquidations in 2019 have blown past the full-year total of 2018. The phenomenon is proceeding with relentless momentum.
How Can a Company Lose $5.2 Billion on $3.2 Billion in Revenue? Uber Shows How by Wolf Richter • Aug 8, 2019 • 152 Comments And rideshare revenue is stagnating.
