Junk Bond Yields Hit Record Low: Most Distorted Markets Ever by Wolf Richter • Dec 4, 2020 • 114 Comments Well, not markets. Fed-managed paper exchange.
For Stocks & Bonds, Upside Surprise of Inflation and Interest Rates “Could Prove Nasty”: Dudley by Wolf Richter • Dec 3, 2020 • 129 Comments Five reasons to “worry about faster inflation.” It’s “a greater danger precisely because it’s no longer perceived as such.”
Here Comes the Trucking Boom in the Weirdest Economy Ever by Wolf Richter • Dec 2, 2020 • 84 Comments Never a dull moment in the land of consumer stimulus and heavy trucks.
“Exodus” in Full Swing: November Rents Swoon in San Francisco, New York, Boston, Los Angeles… But Skyrocket in Other Cities by Wolf Richter • Dec 2, 2020 • 126 Comments San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.
The State of the American Office: Suddenly Emptying Out Again Under the Second Wave by Wolf Richter • Dec 1, 2020 • 134 Comments Office occupancy plunged by the most in Dallas. In San Francisco, where it had already been rock-bottom, it dipped into the single digits.
Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive the Exodus Has Been by Wolf Richter • Nov 30, 2020 • 130 Comments Then there’s the “single-asset” commercial mortgage-backed security (CMBS) backed only by the mortgage of this tower.
The State of American Restaurants, by City: The Catastrophe of the Second Wave by Wolf Richter • Nov 29, 2020 • 143 Comments Despite the rampant indoorification of outdoor dining.
This Spike of New Businesses is a Doozie, on Several Levels by Wolf Richter • Nov 27, 2020 • 162 Comments People are massively striking out on their own. But new businesses with planned wages have been getting scarcer since 2007.
My Thoughts on San Francisco’s “Exodus,” the Social-Life & Cost-Cutting Aspects of Work from Home, and the Truly Bizarre Split in the Real Estate Market by Wolf Richter • Nov 27, 2020 • 93 Comments Wolf Richter with Jim Goddard on HoweStreet.com Radio
The State of the American Consumer: Free Pandemic-Money Runs Low by Wolf Richter • Nov 25, 2020 • 172 Comments Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid.
