Tesla Discloses US Revenues Collapsed 39%. Americans Sour on its Cars, Pent-Up Demand Exhausted by Wolf Richter • Oct 29, 2019 • 192 Comments This is a holy-cow moment.
“Run on the Fund”: The Big Risk of Bond Mutual Funds. What to Look For and What to Do by Wolf Richter • Oct 28, 2019 • 60 Comments “First-Mover Advantage” in a “Liquidity Mismatch”: How slow-poke investors in conservative-sounding mutual funds can get their faces ripped off.
Redemptions Rip Through UK Equity Funds as Fallout from Woodford Collapse Grows by Nick Corbishley • Oct 28, 2019 • 23 Comments In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
THE WOLF STREET REPORT: What Will Stocks Do When “Consensual Hallucination” Ends by Wolf Richter • Oct 27, 2019 • 118 Comments What’s astonishing is how long it lasts.
The Crisis in Catalonia & What I Saw in Our Neighborhood in Barcelona by Nick Corbishley • Oct 27, 2019 • 65 Comments As separatist region is rocked by violence, businesses sound alarm.
Subprime Auto Loans Blow Up, 60-Day Delinquencies Shoot Past Financial Crisis Peak by Wolf Richter • Oct 25, 2019 • 123 Comments Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities.
SoftBank to Book Loss of up to $7 Billion on WeWork, Uber, Others, after Showering $1.7 Billion on Neumann and Hanging his Employees Out to Dry by Wolf Richter • Oct 24, 2019 • 136 Comments However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
Despite Ultra-Low Mortgage Rates, New House Prices Drop to Multi-Year Low by Wolf Richter • Oct 24, 2019 • 102 Comments Last time prices fell like this was during the Financial Crisis. But now, there is no crisis.
“It’s Different This Time” Takes Root in the Junk-Bond Market Amid Parallels to Post-Lehman 2008 by Wolf Richter • Oct 23, 2019 • 88 Comments And so far, so good.
Here’s What I’m Worried About with the Everything Bubble by Wolf Richter • Oct 23, 2019 • 136 Comments How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.