FHA Mortgage Delinquencies Hit 17.5%. In 30 Metros, over 20%: On the Other Side of a Red-Hot Housing Market by Wolf Richter • Mar 24, 2021 • 226 Comments Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market.
The Crisis of Venture Capital: America’s Broken Start-up System by Jeffrey Funk • Mar 24, 2021 • 93 Comments Unicorn startups are even more unprofitable than those that did not achieve Unicorn status.
Bank of Canada Announces Balance Sheet Reduction, Suddenly Worried about “Moral Hazard” by Wolf Richter • Mar 23, 2021 • 90 Comments “Once crisis tools have served their purpose, central banks should scale them back.”
WeWork at it Again: Loses $3.2 Billion, Plans to Go Public via SPAC by Wolf Richter • Mar 23, 2021 • 117 Comments To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Everyone Knows the Housing Market Craziness Can’t Last, then the First Dip Turns into a Big Drop by Wolf Richter • Mar 22, 2021 • 194 Comments Now they’re wondering why.
All Heck Breaks Loose amid Fears of Another Currency Crisis after Turkey’s Central Bank Governor Got Sacked Following Shock-and-Awe Rate Hike by Nick Corbishley • Mar 22, 2021 • 98 Comments The Lira plunges, stocks plunge, yields jump. Capital controls expected.
First Signs that Surging Mortgage Rates Are Dialing Down the Heat under the Housing Market by Wolf Richter • Mar 21, 2021 • 142 Comments The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
What’s Going to Happen with All that Empty Office Space? by Wolf Richter • Mar 20, 2021 • 135 Comments Wolf Richter on Howestreet.com.
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before” by Wolf Richter • Mar 19, 2021 • 338 Comments Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
Market Manias Galore, But Long-Term Interest Rates Smell a Rat by Wolf Richter • Mar 18, 2021 • 122 Comments These manias and the rising long-term interest rates are on collision course.