Holding Gold & Silver is Holding Wealth
Is SoftBank’s Bailout of WeWork Already in Trouble? by Wolf Richter for Wolf Street Tender Offer Didn’t Happen. Bonds Plunge to Record Low. This comes after WeWork reported a $1.25 billion loss in Q3. Second thoughts about throwing so many...
Mexico’s Cancelled $13-Billion Zombie-Airport Refuses to Die by Nick Corbishley for Wolf Street The people voted to scrap the project that was one-third finished, $4 billion over budget, mired in allegations of corruption, and built on an unstable lake-bed. But...
Swiss National Bank’s Monetary Racket, US Stock Holdings & the Wild Ride of its Own Shares by Wolf Richter for Wolf Street We’ll also look at its garbage pile at the bottom. These folks don’t even pretend to be stock...
Murky Business of Chinese Merchandise on Amazon’s US Site by Wolf Richter for Wolf Street As it “aggressively recruited Chinese manufacturers and merchants” to sell to US consumers, its China team “saw increasing patterns of fraud, counterfeits and unsafe products.”...
How the Fed Boosts the 1%, as Told by the Fed Video by Wolf Street Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed. Video Source
Negative Yielding Bonds Turn into Punishment Bonds by Wolf Richter for Wolf Street After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%,...
What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter for Wolf Street Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases? The repo market blew out in mid-September. It had already briefly blown...
What Heavy Trucks Are Saying by Wolf Richter for Wolf Street “I do believe that in North America it is a cyclical downturn”: Cummins COO. Orders for heavy trucks, after the historic boom in 2018, plunged this year, but they...
Uber Loses Another $1.2 billion, Stock Dives Again by Wolf Richter for Wolf Street Burning cash is easy; It’s quite flammable and just goes up in smoke. Here it is in a nutshell, the philosophy of “growth at all costs.”...
Manufacturing in the US vs. China, Germany, Japan, South Korea by Wolf Richter for Wolf Street Manufacturing in the US is growing at crawl-speed or is actually declining, depending on who the beholder is. China appears to be on a similar track,...
US National Debt Passed $23 Trillion, Jumped $1.3 Trillion in 12 Months by Wolf Richter for Wolf Street And these are the good times. The US gross national debt – the sum of all Treasury securities outstanding – passed another...
U.S. Barely Cleanest Dirty Shirt Among Manufacturing Giants by Wolf Richter for Wolf Street US & China come up with conflicting data, Germany in crisis, Japan has “excessive” downside risks, South Korea faces “headwinds from all sides.” Manufacturing in the...
Rents Fall Southern California, Seattle, Miami, San Francisco, San Jose, Chicago, Honolulu & Others by Wolf Richter for Wolf Street But rents surge in 22 other markets by the double-digits. Southern California – sampled here by Los Angeles, San Diego,...
Dallas, Minneapolis, Chicago, Charlotte, Atlanta, Detroit, Cleveland: From Smaller Housing Bubbles to Crushed Markets by Wolf Richter for Wolf Street Prices in red-hot Dallas slow. Chicago condos flat for the year. Formerly crushed Detroit up 100% in 7 years. Cleveland...