Mainland Chinese Stop Buying Hong Kong Residential Properties, Try to Unload What They Have, Prices Follow by Nick Corbishley • Apr 21, 2020 • 119 Comments “Some forced selling is highly likely.”
Holy WTF Moly: WTI May Contract Collapses to Negative -$37 by Wolf Richter • Apr 20, 2020 • 259 Comments Meanwhile this is a moment for historic reflection and head-shaking.
US Crude Oil Gets Annihilated Under Targeted Saudi Attack by Wolf Richter • Apr 20, 2020 • 153 Comments West Texas Intermediate (WTI) futures collapsed 45% today from the already collapsed price, to $10 a barrel, lowest since 1999.
Munger: “Nobody Knows What’s Going to Happen.” And This Time, Berkshire Is Not Piling into Stocks & Companies by Wolf Richter • Apr 19, 2020 • 158 Comments “I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.”
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash by Nick Corbishley • Apr 19, 2020 • 102 Comments A curious phenomenon.
What U.S. Cruise Lines Are Up Against. And No Bailout Money by MC01 • Apr 18, 2020 • 192 Comments Their megaships turned from a revenue-generating asset into an expensive-to-maintain nightmare.
Coronavirus Drives Barrage of New Lobbying Activity by Wolf Richter • Apr 17, 2020 • 136 Comments Follow the Bailout Money.
There’s a Significant Risk of Cascading Defaults in Form of a “Debtors’ Strike” by Karen Parker Feld • Apr 17, 2020 • 275 Comments The bailouts are better described as an organized protection racket run by banks, hedge funds, private equity investors, and large corporations.
Fed Massively Tapered QE-4. Hasn’t Bought Any Junk Bonds, Was Just Jawboning by Wolf Richter • Apr 17, 2020 • 128 Comments Helicopter Money for Wall Street & the Wealthy: $2.06 Trillion in 5 Weeks. Regular folks, forget it.
How Will Covid-19 Lockdowns Hit the Housing Market? It Gets a Little Clearer by Wolf Richter • Apr 16, 2020 • 167 Comments “In May, what market? I don’t see no market”: Realtor.