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.
The Most Splendid Housing Bubbles in America: Nov. Update by Wolf Richter • Nov 24, 2020 • 268 Comments A pandemic of house price inflation.
California Legal Cannabis Sales Exploded. And California is Cashing In by Wolf Richter • Nov 24, 2020 • 110 Comments On Fumes of Stimulus and to Soothe the Frustration.
“Monetizing Privacy”: The Fed Fans Out, Touting the “Digital Dollar.” This Time, How Consumers Would Benefit by Wolf Richter • Nov 23, 2020 • 200 Comments But the problemita of pulling the rug out from under the entire banking system still needs to be addressed.
Taxpayers Face $435 Billion in Student-Loan Losses, Already Baked in: Leaked Education-Department Study by Wolf Richter • Nov 22, 2020 • 211 Comments No one has ever put a number to it until now.
The Mnuchin-Powell Affair over the Fed’s “Special Purpose Vehicles” in Dollars & Effects by Wolf Richter • Nov 21, 2020 • 156 Comments Why do bondholders and leveraged speculators have to be enriched, instead of providing fiscal relief to the unemployed and small businesses? That’s the question.
