Update on the WTF Collapse of Demand for Gasoline, Jet Fuel, and Diesel by Wolf Richter • Jun 17, 2020 • 121 Comments No “V-shaped recovery back to normal.”
Italy Once Again on the Eurozone Worry List by Nick Corbishley • Jun 17, 2020 • 45 Comments A new tsunami of bad debts washes ashore while banks are still struggling with the debris from the prior tsunami of bad debts.
This Better Be the Bottom for the Goods-Based Sector in the US by Wolf Richter • Jun 17, 2020 • 84 Comments It’s going to be a tough slog forward.
Retail Sales by Segment in 12 Hair-Raising Charts by Wolf Richter • Jun 16, 2020 • 109 Comments It’s a pandemic, so there are problems with the data.
But Who Bought this Huge Pile of US Government Debt? by Wolf Richter • Jun 16, 2020 • 132 Comments Foreign holders, US banks, and US government funds all dumped. But two big players gorged on it – and one of them was the Fed.
Asset Class of Classic Cars Sinks, High-End Hits 5-Year Low, Priciest Ferraris Drop the Most. American Muscle Cars Fall to 2007 Level by Wolf Richter • Jun 15, 2020 • 113 Comments 1958 Ferrari 250 GT California Spyder LWB down 29%. But “Affordable Classics” sizzle. Here are the cars and indices.
Commercial Real Estate Sellers Expecting Pre-Virus Prices “Are Smoking Dope,” Says UK Fund Manager by Nick Corbishley • Jun 15, 2020 • 35 Comments Capital values across all segments (retail, office, industrial) already fell by 6.1% over the three months from March to May.
An Epically Bad Week for US Brick-and-Mortar Retailers and Landlords by Wolf Richter • Jun 14, 2020 • 102 Comments Winners in this crisis: Ecommerce – for retailers that don’t sell men’s office & formal wear – and for sure, lawyers.
Europe’s Fashion Industry Faces Nightmare by Nick Corbishley • Jun 14, 2020 • 91 Comments “People do not buy a new outfit to stay at home.” Sales at stores that have reopened languish while ecommerce is booming. McKinsey: up to a third of global fashion retailers will not survive the crisis.
Wow, That Was Fast: Debt Out the Wazoo by Wolf Richter • Jun 12, 2020 • 227 Comments US National Debt Spiked by $1 trillion in 5 weeks to $26 trillion. Fed monetized 65%. Business debts spike to high heaven.