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.
Stocks always look bullet proof like just before 200o–2008 and now…It’s hard to short a parabolic rally and it’s hard to buy a plunge/washout like in 2008…
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
by Don Quijones • Feb 26, 2019 • 43 Comments
The banks claim they’re complying with anti-money laundering regulations.
Oops, Imports by China, Emerging Asia Plunge Most Since 2008
by Wolf Richter • Feb 26, 2019 • 67 Comments
These unsettling tidbits about sudden problems on the demand-side in China.
Inventory Pileup Sounds Alarm for Goods-Based Economy
by Wolf Richter • Feb 25, 2019 • 61 Comments
“In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics.