January 22, 2020

Miami’s condo market is coming under severe stress

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By Wolf Richter Wolf Street From Business Insider The Miami-Dade County condo market is coming under severe stress, and turmoil is spreading. There are two aspects: supply and sales activity overall, and the more obscure but highly indicative “preconstruction market.” Preconstruction condos are a favorite playground for condo flippers. They buy the units before construction […]

Something fishy is going on with earnings

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By Sam Ro from Business Insider Corporate America has a long history of delivering on the bottom line. You hear about this when we in the media report that a company beats earnings expectations. But there’s something fishy going on. Sales are lackluster, and actual earnings are not that great. Financial-management maneuvers — some reasonable […]