Expensive markets face a new reality: lenders get skittish about jumbo loans.
When the unemployment crisis exploded onto the scene three weeks ago, sales totally collapsed. What’s in store for the industry?
And construction companies “aren’t expecting a swift recovery.”
Trading of Luckin shares now halted. Wall Street banks, which get big-fat fees, are all too happy to sell this stuff to the American public.
The situation is very fluid.
“Suppressing” bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank.
Never before have so many property funds shut the doors on so many property investors.
Eradicate the virus — without a vaccine? Manage infection rates to let the population “build immunity through suffering” until a vaccine is available? How can we revive the economy without risking thousands of deaths in fresh outbreaks?
“Only good news is that the number was still positive despite the high number of cancellations.”
“The ultimate economic cost of the COVID-19 outbreak cannot be accurately estimated until we get more clarity on the duration and scale of the pandemic.”
Loading up on Treasury securities, mortgage-backed securities, repos, “central bank liquidity swaps,” and “loans” to keep the Everything Bubble from imploding further.
This type of sudden, previously unimaginable fall-off-the-cliff data about the lockdown-economy is gut-wrenching.
“Nobody has any taste for risk anymore. All of those exotic loan programs have ceased. All investors buying that paper are gone”: mortgage broker.
Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
“The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”
Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
“We are temporarily a company with no product and no revenue.”
Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
Now even the fig leaf is gone.
All eyes are on China to see how air transport will change in the aftermath of the crisis.
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
No one has ever seen anything like this.
And it’s just the first inkling of what’s in store for home sales.
During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.
In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
Even after the bottom is perceived to be in, “buybacks may be slow to come back” as companies struggle for cash amid potential government restrictions on buybacks and their dismal public image: S&P Dow Jones Indices.