A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS by Wolf Richter • Apr 8, 2019 • 52 Comments How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall.
THE WOLF STREET REPORT: Why the Wave of Mega-IPOs Won’t Bail Out the San Francisco & Silicon Valley Housing Bubbles by Wolf Richter • Apr 7, 2019 • 48 Comments Why the Wave of Mega-IPOs Won’t Bail Out the San Francisco & Silicon Valley Housing Bubbles, Despite All the Hype.
Update on the Deepening Housing Bust in Vancouver, Canada by Wolf Richter • Apr 6, 2019 • 71 Comments Market for houses freezes up. House & condo prices drop. High end hit the hardest.
Used-Car Market Profits from Carmageddon by Wolf Richter • Apr 5, 2019 • 91 Comments Many Americans are priced out of the new-car market.
Fed’s QE Unwind Reaches $535 Billion, Balance Sheet Drops to $3.94 Trillion, Old Autopilot Still Engaged by Wolf Richter • Apr 4, 2019 • 78 Comments Then there’s the sinkhole of $1.5 trillion in MBS and $617 billion in Treasuries that mature in over 10 years.
Currency-Trading Algos “Flummoxed” by Rapid-Fire Brexit Headlines by Wolf Richter • Apr 4, 2019 • 57 Comments AI Not There Yet?
Next Phase in Trucking Boom-Bust Cycle Has Started by Wolf Richter • Apr 3, 2019 • 50 Comments From “capacity panic” to “overcapacity” in less than a year?
Market is Delusional: This is Not a Rate-Cut Economy by Wolf Richter • Apr 3, 2019 • 57 Comments Growth in the service sector backs off from red-hot spurts last year but remains strong.
Q1 Carmageddon for GM, Fiat-Chrysler, Toyota, Nissan, Mercedes, Mazda… by Wolf Richter • Apr 2, 2019 • 104 Comments Ford wisely kept its mouth shut. The problem with Mercedes and BMW is that they don’t yet sell luxury pickups, though they’re finally figuring it out.
Update on the Spreading Housing Bust in Australia, and Why it’s Happening by Wolf Richter • Apr 2, 2019 • 48 Comments This bubble was not pricked by the central bank — on the contrary.
