Cryptos Plunge, Contagion Sweeps Across DeFi: Trying to Go to Heaven Together, End Up Going to Heck Together? by Wolf Richter • Nov 9, 2022 • 228 Comments Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
What a Day for Imploded Stocks: Affirm, Upstart, CarGurus, Lyft, MicroStrategy, Robinhood, Coinbase, and a Crypto Meltdown by Wolf Richter • Nov 9, 2022 • 131 Comments When a crypto-meltdown collides with earnings reports.
Shares of AI-Powered Home-Flipper Disruptor-SPAC Opendoor Get Annihilated by Wolf Richter • Nov 8, 2022 • 89 Comments Another big investor that pulls back from the housing market: it’s now a net-seller.
Status of the Social Security Trust Fund, Income and Outgo: Fiscal 2022 by Wolf Richter • Nov 8, 2022 • 136 Comments Income jumped by $105 billion to a record $1.04 trillion as more people worked and earned higher wages, and contributed more.
Used-Vehicle Wholesale Prices Plunged, but Not Retail Prices; They’re Still in the Ridiculous Zone by Wolf Richter • Nov 7, 2022 • 109 Comments Buyers’ strike is in effect. Used vehicle retail sales drop, dealers sing the blues but don’t want to cut prices from their ridiculous levels.
Imploded Stocks of the Day: Carvana, Twilio, Atlassian, Cloudflare by Wolf Richter • Nov 6, 2022 • 203 Comments The free-money virus turned investors’ brains to mush. But the healing has started, interest rates are recovering, QT is here, and look what we got.
The Housing Bubble Popped, and the Fed Can Let it Rip by Wolf Richter • Nov 5, 2022 • 293 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
Has this Contorted Labor Market Forced Companies to Change their Thinking about Layoffs? by Wolf Richter • Nov 4, 2022 • 149 Comments Looking at the supply-and-demand imbalances and structural changes in the labor market, and what it means for employers.
Fed’s Balance Sheet Drops by $289 Billion from Peak: November Update on Quantitative Tightening by Wolf Richter • Nov 3, 2022 • 219 Comments We also keep an eye on Primary Credit and look at the Fed’s deal with the Swiss National Bank.
Bank of England Hikes 75 Basis Points, Most since 1989, to 3%. Hopes Raging Inflation Will “Fall Sharply” in mid-2023. If Not, “Will Respond Forcefully” by Wolf Richter • Nov 3, 2022 • 59 Comments But in Q4, inflation will shoot to 11%, the BOE said. Media reported it as a “dovish” monster rate hike. Whatever.
