Author: Wolf Richter

Oil Bust Sequel? WTI Plunges over 7% to $55

Oil Bust Sequel? WTI Plunges over 7% to $55 by Wolf Richter – Wolf Street Whiff of short-term capitulation. But fundamentals are not promising. This is like so 2015: The price of the benchmark crude-oil grade West Texas Intermediate (WTI)...

Declines Hit the Most Splendid Housing Bubbles in America

Declines Hit the Most Splendid Housing Bubbles in America by Wolf Richter – Wolf Street Seattle prices fall sharply. New York condo prices nearly flat for the year. First feeble declines in San Francisco, Dallas, Denver, etc. Something is afoot. On...

It’s the Banks Again

It’s the Banks Again by Wolf Richter – Wolf Street US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis. Monday early afternoon, the US KBW Bank index, which tracks large US banks...

US Housing Turns into Buyer’s Market

US Housing Turns into Buyer’s Market by Wolf Richter – Wolf Street Forget the hype about a shortage of supply. In its report today on existing-home sales in September – they fell by 4.1% from a year ago to the...