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.
What the Layoffs at Ford’s Medium-Duty Truck Plant Mean by Wolf Richter • May 5, 2017 • 73 Comments Demand from businesses in the real economy is slumping.
Here’s What Oil Did Today and Over the Past Three Weeks by Wolf Richter • May 4, 2017 • 40 Comments It’s ugly. With a long list of culprits.
Manufacturing Might Come Back to the US, but Robots will Get the Jobs: Apple CEO by Wolf Richter • May 4, 2017 • 102 Comments Robots are the Great Equalizer.
