My Site Will Remain Open for All to Read, Even as More Sites Put Up Paywalls.
Wolf Richter on “This Week in Money.”
Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS collapsed by 60%.
People massively chased their dream and started new businesses, and that is wonderful. Then there’s the issue of large-scale PPP loan fraud.
The government better not ever stop dousing consumers with free money.
And refinance mortgage applications plunged by over half from 2020 spike.
I’ve Arrived. My name is finally big enough in finance to be used by a fraudster. But the brain-dead garbage in the email is funny and obviously fake to those who’ve been reading my stuff.
If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of.
The Fed provides the data quarterly, I dissect it at the stunning per-capita level.
The distortions caused by the shift to working from anywhere are hitting households that can least afford it.