Electricity Sales to End Users Dropped Below 2008 Level: What it Says about the Pandemic Economy, Households, Commercial & Industrial Activity, and Public Transportation by Wolf Richter • Mar 8, 2021 • 134 Comments In 2020, by source, coal collapsed to record low, natural gas dominated, wind and solar surged, while hydro and nuclear remained roughly flat.
365 Days With My Mother-in-Law: Boots on the Ground View of Barcelona’s Economy by Nick Corbishley • Mar 7, 2021 • 76 Comments It remains in a state of suspended animation.
Yellen Coddles Up to Powell on Rising Long-Term Yields as a Welcome Sign of Recovery. Wall Street Crybabies Not Amused by Wolf Richter • Mar 6, 2021 • 206 Comments To let some hot air out of the markets? As long as it isn’t “disorderly.”
Consumers Paid Down Credit Cards Again! By Most Ever. But Cash-Out Refis Spiked to Highest since 2005/6 Peaks. What Gives? by Wolf Richter • Mar 5, 2021 • 172 Comments They’re not the same consumers.
The Jobs Recovery, Compared to the “Good Times” Trend by Wolf Richter • Mar 5, 2021 • 94 Comments February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.
SoftBank Fintech Unicorn Greensill on Verge of Collapse by Nick Corbishley • Mar 4, 2021 • 77 Comments A massive murky mess of supply-chain finance, amid criminal allegations against the management of its German bank subsidiary, with wide repercussions.
Was That the IPO Stocks Bubble that Just Popped? by Wolf Richter • Mar 3, 2021 • 147 Comments When there are suddenly second thoughts in this market powered by so much blind and crazy exuberance, the entire foundation begins to wobble.
Movie Theater Business Isn’t Going Back to Normal: Disney CEO by Wolf Richter • Mar 2, 2021 • 162 Comments Are multiplex theaters even viable in the era of streaming and affordable big screen TVs, if studios crush the “theatrical window?”
How Hard Did the Winter Storm Slam the Economies in Texas, Other Areas? This Index, Designed to Track the Pandemic Recovery, Shows How Hard by Wolf Richter • Mar 2, 2021 • 97 Comments Nationally, visits to “places of commerce” remained anemic. Houston, Dallas, Austin, San Antonio, and Nashville, which had been near the top, plunged to the bottom.
Looking on the Bright Side of Brexit, 60 Days In by Nick Corbishley • Mar 1, 2021 • 84 Comments The hard Brexit has compounded pressures on many UK industries, but some key positives have started to emerge.