The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic by Wolf Richter • Jun 7, 2021 • 106 Comments China and the tax havens rule!
The WTF Spike of Used-Vehicle Prices Continues Unabated. So Which Part Is “Temporary?” by Wolf Richter • Jun 7, 2021 • 161 Comments This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View” by Wolf Richter • Jun 6, 2021 • 291 Comments “We want them to go back to” a normal interest rate environment.
AMC Insiders Dumped Huge Portions of their Shares after WTF Spike, AMC Sold Shares, and Wanda is Already Outa There by Wolf Richter • Jun 5, 2021 • 141 Comments But who’s buying? CEO Adam Aron is schmoozling and bamboozling the Reddit crowd.
The Weird Phenomenon of “Labor Shortages” as Millions of People Who Could Work Are Not Working by Wolf Richter • Jun 4, 2021 • 431 Comments A sign of how messed up the moving parts of the economy have become, amid massive excesses and distortions connected by malfunctioning gearing.
Global Steel Production: China Blows the Socks off the Rest of the World, US Production Plunges by Wolf Richter • Jun 3, 2021 • 193 Comments The annual steel report is out.
Stock Market Officially a Bad Joke: AMC Warns Buyers of its New Shares: Don’t Buy “Unless You Are Prepared” to Lose “All or Substantial Portion of Your Investment” by Wolf Richter • Jun 3, 2021 • 156 Comments A joke where everyone is making fun of everyone in grand & crazy pump-and-dump schemes. But I can’t blame AMC. I blame the Fed.
It Begins: The Fed Will Outright Sell its Corporate Bonds & ETFs by Wolf Richter • Jun 2, 2021 • 93 Comments Another market support gets pulled away and turned upside down.
Buyers’ Strike? Mortgage Applications Drop Deep into 2019 Range as People Looking for a Home to Live in Step Back from “Raging Mania” by Wolf Richter • Jun 2, 2021 • 157 Comments Investors may still be doing a lot of heavy breathing.
SoftBank-Funded Silicon Valley Unicorn Katerra, which was to “Transform” the Construction Industry, Collapses by Wolf Richter • Jun 1, 2021 • 90 Comments Thousands of workers laid off. $2.2 billion up in smoke. 2nd SoftBank unicorn to collapse this year before getting to the IPO or SPAC window, after Greensill, which it helped take down.
