Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low by Wolf Richter • Aug 2, 2022 • 68 Comments The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
Layoffs, Discharges, Quits, Job Openings, and Hires: Still Massive Churn & Job Hopping, but Losing Some Steam by Wolf Richter • Aug 2, 2022 • 87 Comments Weirdest labor market ever gets a little less weird.
SPAC Zombie Mergers: Nikola, Whose Shares Collapsed 92%, Buys Battery-Pack Maker Romeo whose Shares Collapsed 98% by Wolf Richter • Aug 1, 2022 • 94 Comments Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
Australia’s Housing Downturn Accelerates: In Sydney, Sharpest Price Drops “in Almost 40 Years” by Wolf Richter • Aug 1, 2022 • 65 Comments Sales volume plunged in Sydney and Melbourne. Rate hikes bite, yet the Reserve Bank of Australia just started hiking.
