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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In Greater Vancouver, BC, Canada, house prices fell 0.5% in March from February, the eighth month in a row of declines, according to the Teranet-National Bank House … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Wave of Mega-IPOs is already baked into the cake.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices in Miami eke out post-collapse record but fizzle in Las Vegas, Phoenix, Washington, DC; fall in Chicago. Cincinnati & Detroit tick down further. There is a … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How do they stack up against the most splendid housing bubble in America? Holy cow! Canadian housing markets are in a category of their own. No … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally … Read more
by Jesse Colombo Knight Frank’s latest annual Wealth Report just came out and is full of interesting data. What stood out to me, in particular, is the statistic that showed that the … Read more
by: Stefan Gleason The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang … Read more
Authored by Tom Luongo, As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron. … Read more
by Charles Hugh-Smith Even if the Fed hadn’t institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers. If … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy. The Doomsday Scenario … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter San Francisco Bay Area & Seattle lead with biggest multi-month drops since 2012; San Diego, Denver, Portland, Los Angeles decline. Others have stalled. A few eke out records. San Francisco … Read more
by John Rubino Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words … Read more
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few … Read more
by Martin Armstrong QUESTION: I work in the construction industry in Phoenix Arizona and there has been a boom in new construction for apartments, condos massive housing tracts and all of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline. This is … Read more