Bitcoin was trading at $57,000 when I posted the podcast last Sunday. Now, as I’m posting the transcript of the podcast, bitcoin is trading at $46,000, which makes one of my points.
Junk bonds still in la-la-land as investors chase yield – risks be damned.
Free money whipped consumers into a rollicking eight-month splurge on goods. There’s nothing “pent up.” And services are not a shoo-in for “pent-up demand.”
From crisis to crisis, and even when there’s no crisis.
“L-shaped recovery” for mass transit. Per person, vehicle miles were already in long-term decline since 2003. Than came 2020.
Biggest beneficiaries of the now scuttled rescue plan would have been private equity firm KKR and Banco Santander.
The market is working on a solution to the “Housing Crisis” and “Exodus.”
Massive Pandemic Shifts that triggered plunging rents in the most expensive cities and surging rents in cheaper cities still on display.
Mall landlords, even the biggest, are turning malls over to their lenders.
The crucial services exports, manufacturing exports and imports, the arts & entertainment industry, fishing industry… it’s a mess.
Now hoping for “corrective action” and “credit intervention” by the State of Texas.
In 2012, dude offered to buy my book for 1.5 bitcoin, a “Monetary Revolution” that “doubled in 4 months.” I’d just need to hype bitcoin on my site. That’s still how it works. And big highly leveraged players with huge megaphones jumped in.
Wolf Richter on This Week in Money.
The fact that smartphones are perfect surveillance devices has been kicked around for a long time. And the data are immensely useful in B2B.
Inflation worming through various levels of the economy despite suboptimal demand.
But working from anywhere has cost cutters drooling: “All expense categories benefited from lower facilities related costs, driven by our employees working from home.”
What ERCOT planners got colossally wrong was the availability of their fossil fleet: Gas and coal plants failed. Even a nuclear reactor tripped offline.
What’s going on in the Wall Street Hype Machine regarding the EV space is hilarious, when you think about it for a moment.
In whiplash charts. For example, department store sales soared 23% “seasonally adjusted” but collapsed 42% “not seasonally adjusted.” What gives?
Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.
If folks say they see no inflation, they should look at industry reports now bragging about steep price increases. And consumers are willing to pay those prices – the sign of a sea change.
Amazon, UPS, and FedEx, in search of cost savings, partnered with startups that are now rolling out electric vans. Has Ford, the leader in vans, dropped the ball?
People and businesses have changed how they do things. And it shows up in the GPS data.
Bond Market Smells a Rat: Inflation. So the Fed seems OK with rising long-term Treasury yields.
Even the huge used-vehicle market got knocked down, except for older, cheaper used vehicles.
“A management team that remains prisoner of its failed strategy that started with the acquisition of Westfield.”
Watching for the EV drag on gasoline demand requires a lot of patience.
Global revenues, deliveries, market share, income, and for your amusement the WTF stock prices.
Spiking prices for new and used vehicles under the microscope.
This is just so relentless: “We’re not going back to the way things were.”