Tesla v. GM v. Ford: Sacrilege to Mention Them in the Same Breath, But Here We Go by Wolf Richter • Nov 5, 2020 • 177 Comments Just the Numbers.
Sales of New Cars & Trucks Through October Fell by 2.4 Million Vehicles, to 1985 Levels. Back to the Future by Wolf Richter • Nov 4, 2020 • 102 Comments For the Ultimate No-Growth Industry: price increases and pushing consumers into more expensive trucks and SUVs.
For Stocks, Any Election Outcome is Now the Best Outcome, Disputed Election, Long Legal Mess, Split Government Without Stimulus, Whatever… by Wolf Richter • Nov 4, 2020 • 168 Comments This is funny in terms of stock-market “narratives” during these crazy times.
US Apartment Market Splits in Two, 100 Cities: Where Rents Jumped or Dropped the Most, Are Highest or Lowest by Wolf Richter • Nov 3, 2020 • 52 Comments Unemployment and work-from-home or work-from-anywhere are massively shifting where people want to live.
What Took so Long? After Years of Brick & Mortar Meltdown Punctuated by the Pandemic, Two Mall REITs File for Bankruptcy by Wolf Richter • Nov 2, 2020 • 152 Comments CBL and Pennsylvania Real Estate Investment Trust were both toast before the Pandemic. The banks are stuck.
The State of American Restaurants, by City, November Update by Wolf Richter • Nov 2, 2020 • 178 Comments “Seated diners” get scarcer again as new Covid cases surge.
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness by Wolf Richter • Nov 1, 2020 • 208 Comments Transportation fuel demand rose to where it had been in … 1997.
Do We Really Need More Stimulus to Print More Millionaires & Billionaires, Enrich Fraudsters, Balloon the Trade Deficit? Consumer Data Says, “No We Don’t” by Wolf Richter • Oct 30, 2020 • 203 Comments People who need support, should get support. As for the rest? On my soapbox, wildly wagging consumer income and spending data.
I’m in Awe of How Fast Rents Plunge in San Francisco, New York, Boston, Los Angeles, Other Expensive Cities. Rents Decline Even in Houston & Dallas. National Average Turns Negative by Wolf Richter • Oct 30, 2020 • 140 Comments Work-from-anywhere, unemployment crisis, oil bust, people chasing a cheaper less crowded place to live, the land rush to buy homes.
No, GDP Didn’t Jump “33.1%” in Q3, But 7.4%, after Plunging 9% in Q2: Time to Kill “Annualized” Growth Rates. Imports, Powered by Stimulus, Dragged on GDP by Wolf Richter • Oct 29, 2020 • 67 Comments GDP back to Q1 2018. Worst ever “net exports.” The decline in government spending was also a drag. “GDP per Capita” bounced back only to 2017 level.
