Who Bought the $3.3 Trillion Piled on the Incredibly Spiking US National Debt Since March? by Wolf Richter • Sep 17, 2020 • 171 Comments Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
On Concerns about Turkey’s Financial Health, Lira Dives to New Low, Cost of Insuring Turkish Sovereign Debt Nearly Doubles by Nick Corbishley • Sep 17, 2020 • 60 Comments The heavy weight of debts denominated in foreign currency. Borrowing in dollars & euros is cheap until it isn’t.
Great Time to Turn a Nest Egg into Scrambled Eggs by Wolf Richter • Sep 16, 2020 • 128 Comments It just looks so tempting. (Transcript of my podcast).
How Life Changed During the Pandemic: Still Loaded with Stimulus Cash, Americans Went Shopping. But Where? by Wolf Richter • Sep 16, 2020 • 95 Comments Illustrated with 13 whiplash-inducing charts.
Down-to-Earth Aspects of the US Economy in Near-Real Time by Wolf Richter • Sep 15, 2020 • 101 Comments Long way to go, after 6 months of Pandemic.
Why the Hoped-for Solution to Out-of-Control Government Debts Won’t Work This Time by Wolf Richter • Sep 15, 2020 • 227 Comments “Rapid growth is no longer possible” and “inflation is not going to be tolerated” in societies with slow wage growth: head of central bank of Singapore. It has been said out loud.
What’s to Be Done Now with All These Zombie Companies? by Nick Corbishley • Sep 15, 2020 • 69 Comments Saving the Zombies in Europe.
“Remote Learning” Sinks Student-Housing CMBS, After Delinquencies Had Already Spiked in 2019 by Wolf Richter • Sep 14, 2020 • 78 Comments The formerly hot asset class was already troubled by a multiyear decline in student enrollment and a surge in upscale supply.
THE WOLF STREET REPORT: Great Time to Turn a Nest Egg into Scrambled Eggs by Wolf Richter • Sep 13, 2020 • 208 Comments It just looks so tempting.
Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon by Wolf Richter • Sep 13, 2020 • 136 Comments In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”