Author: Wolf Richter

So China’s Authorities Crack Down on Housing Speculation?

So China’s Authorities Crack Down on Housing Speculation? by Wolf Richter – Wolf Street Who’s Behind China’s Wild House Price Bubble? State-Owned Property Developers, Funded by State-Owned Banks. Beijing’s municipal government summoned representatives of state-owned property developers on Monday and...

Uber Confirms Horrendous Loss in 2016

Uber Confirms Horrendous Loss in 2016 by Wolf Richter – Wolf Street “Cementing its place as the most heavily-lossmaking private company in the history of Silicon Valley.” On Good Friday, when markets were closed and when the entire financial world...

Great Debt Unwind: Consumer Bankruptcies Jump, First since 2010. Commercial Bankruptcies Spike

Great Debt Unwind: Consumer Bankruptcies Jump, First since 2010. Commercial Bankruptcies Spike by Wolf Richer – Wolf Street But don’t blame the oil bust. Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest...

Toronto House Price Bubble Goes Nuts

Toronto House Price Bubble Goes Nuts by Wolf Richter – Wolf Street Based on fundamentals? You gotta be kidding. Residential property sales in Greater Toronto soared 17.7% year-over-year to 12,077 homes, according to the Toronto Real Estate Board (TREB). New...

Condo Flippers in Miami-Dade Left Twisting in the Wind

Condo Flippers in Miami-Dade Left Twisting in the Wind by Wolf Richter Ballooning Condo Glut ensnares preconstruction speculators. Miami-Dade’s spectacular condo flipping mania is in turmoil, with sales plunging, inventory-for-sale soaring, and new supply flooding the market. It’s not like...

Despite Financial Engineering & Clever Reporting Schemes, S&P 500 Earnings per Share Stuck for 3+ Years, but Stocks Soar

Despite Financial Engineering & Clever Reporting Schemes, S&P 500 Earnings per Share Stuck for 3+ Years, but Stocks Soar by Wolf Richter $1.7 trillion blown on making EPS look less bad. The S&P 500 index, closing today at 2,373, hovers near...