First US Economic Data of the COVID-19 Era Emerges. It’s Ugly by Wolf Richter • Mar 16, 2020 • 156 Comments This is just the beginning. There will be more of the same and worse.
How Our Business Got Hit by COVID-19 Event-Cancellations Whose Effects Now Cascade Through the Industry by Aaron Ripplinger • Mar 16, 2020 • 54 Comments This is in a microcosm what businesses of kinds all across the US face.
Panicked Fed Slashes Rates to Near 0%, Throws $700 Billion QE on Top, after $1.5 Trillion Shock-and-Awe Repos Fizzled. Stock Futures Plunge 5%, Hit Limit Down by Wolf Richter • Mar 15, 2020 • 371 Comments Holy moly, what a mess. But here is our hilarious cartoon of Jerome Powell tearing out his hair. Gotta keep you sense of humor.
Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19 by Nick Corbishley • Mar 15, 2020 • 48 Comments Local governments end up buying dying malls to keep them from becoming dead zones.
To Win the CoronaWar, Defense Is The Only Offense by Wisdom Seeker • Mar 14, 2020 • 256 Comments Why does it work this way?
Historic Volatility Tells Me This Stock Market is in the Middle of an Equally Historic Crash by Wolf Richter • Mar 13, 2020 • 286 Comments A gigantic spike at the very end after two of the craziest trading days I’ve seen. Here’s how my trades went. But that’s it for me. I’m staying out of this market, it’s just too crazy.
No One Knows How the Coronavirus Will Impact Canadian Real Estate, But Here Are My Thoughts by Steve Saretsky • Mar 13, 2020 • 100 Comments How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent?
As Everything Bubble Implodes, Frazzled Fed Rolls Out Fastest Mega-Money Printer Ever, up to $4.5 Trillion in Four Weeks by Wolf Richter • Mar 12, 2020 • 226 Comments The Fed is going nuts trying to contain this.
Stocks Crashed. I Covered My Short Positions (SPY, QQQ) Because “Nothing Goes to Heck in a Straight Line.” Out of Spite, Bought Some Crap for a Bear-Market Bounce by Wolf Richter • Mar 12, 2020 • 161 Comments Holy moly, that’s fast. Too fast. Desperate Fed rolls out biggest bazooka yet.
First Enron of 2020: Muddy Waters’ Short-Target NMC Health Just “Discovered” $2.7 Billion Undisclosed Debt by Nick Corbishley • Mar 12, 2020 • 48 Comments Oops, the rot runs even deeper than Muddy Waters could have imagined.