Housing Bubble Getting Ready to Pop, Used Cars Already Popped, and Inflation Goes Global by Wolf Richter • May 15, 2022 • 268 Comments Wolf Richter with Kerry Lutz on the Financial Survival Network.
Massive Stock Market Leverage Unwinds amid Brutal Bloodletting by Wolf Richter • May 13, 2022 • 271 Comments Margin debt started dropping a month before the Nasdaq went south, and it’s still dropping.
Huge Percentage Gains — “Robinhood Soars 25%,” “Coinbase Soars 35%.” But You Can Barely See it on the Stairway to Heck by Wolf Richter • May 13, 2022 • 104 Comments This is now a common phenomenon with these Imploded Stocks.
Signs of a Downshift in the Freight Cycle, Trucking, and Demand by Wolf Richter • May 12, 2022 • 56 Comments Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.
Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos? by Wolf Richter • May 11, 2022 • 349 Comments You’re just “unsecured creditors” if we file for bankruptcy. But hey, CEO tweets: “We have no risk of bankruptcy.”
Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck by Wolf Richter • May 11, 2022 • 139 Comments Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil by Wolf Richter • May 9, 2022 • 177 Comments Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset.
Massacre Just Doesn’t Let Up: Another IPO Stock Kathoomphed 43% Afterhours: -90% from High by Wolf Richter • May 9, 2022 • 86 Comments In October, Upstart was worth $35 billion, according to the collective idiocy of the hype-and-hoopla stock market. Now down to $3.6 billion.
Palantir, like Hundreds of Startups Designed to Lose Money and Bamboozle Investors, Runs out of Bamboozle: -84% from High by Wolf Richter • May 9, 2022 • 151 Comments Those that believed the hype and hoopla and didn’t get out in time got thackamuffled.
