Buyers’ Strike? Everyone Knows the Housing Market Has Gone Nuts: amid Wild Distortions, Prices Spike but Sales Plunge by Wolf Richter • Apr 22, 2021 • 290 Comments No housing market can handle the perversity of vacant homes being used as leveraged investment vehicles to generate capital gains by just sitting there.
What Companies & Office Workers Said About Work from Home: Landlords Are Out of Luck by Wolf Richter • Apr 21, 2021 • 181 Comments A “distributed operational workforce” with a net reduction in demand for office space facing a business premised on endless growth.
The Taper Next Door: Bank of Canada Cuts Bond Purchases by 25%. Total Assets Drop by 13%. Rate Hikes Moved Forward, Possibly July 2022 by Wolf Richter • Apr 21, 2021 • 89 Comments Housing craziness is front and center.
The WTF Charts of the EV SPAC Hype Boom Are Imploding Spectacularly by Wolf Richter • Apr 20, 2021 • 159 Comments Getting massacred on the edge of the stock market.
Riskiest Junk-Rated Companies Borrow at Lowest Cost Ever amid Torrid Yield Chasing. AMC Bonds Sell at a Premium by Wolf Richter • Apr 20, 2021 • 63 Comments Commercial bankruptcy filings drop to lows last seen in the loosey-goosey days just before the Financial Crisis.
Freight Expenses Spike the Most on Record by Wolf Richter • Apr 19, 2021 • 95 Comments But shipment volume, though strong, is not at record levels.
I’m Just the Little Guy Between the Boots of Giants, but I’m Having a Blast. Dear Readers, Please Donate to WOLF STREET by Wolf Richter • Apr 18, 2021 • 105 Comments My Site Will Remain Open for All to Read, Even as More Sites Put Up Paywalls.
The Whole Inflationary Mindset Has Changed: People Are Paying Sharply Higher Vehicle Prices Instead of Going on Buyers’ Strike by Wolf Richter • Apr 18, 2021 • 154 Comments Wolf Richter on “This Week in Money.”
Stock Market Leverage in La-La Land, Rises to Historic WTF High by Wolf Richter • Apr 17, 2021 • 258 Comments 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%.
Applications for New Businesses Have a Double-WTF Moment by Wolf Richter • Apr 16, 2021 • 99 Comments People massively chased their dream and started new businesses, and that is wonderful. Then there’s the issue of large-scale PPP loan fraud.
