Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons by Wolf Richter • Sep 21, 2020 • 160 Comments This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Asset Class of Vintage Cars During the Pandemic: Sales at High End on Ice, After Steep Price Drops Earlier in the Year by Wolf Richter • Sep 19, 2020 • 105 Comments Affordable Classics rise the most, American Muscle Cars fall the most. Ferraris flat, after big drops earlier. Beautiful machines all of them.
“Giant 5 Stock Index” (AAPL, AMZN, GOOG, MSFT, FB) -16% from High, Apple -20%. And Rest of the Market? by Wolf Richter • Sep 18, 2020 • 70 Comments It might look a little bloody at the top, but it barely unwinds seven weeks of mind-boggling gains.
Who Bought the $3.3 Trillion Piled on the Incredibly Spiking US National Debt Since March? by Wolf Richter • Sep 17, 2020 • 171 Comments Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
Great Time to Turn a Nest Egg into Scrambled Eggs by Wolf Richter • Sep 16, 2020 • 128 Comments It just looks so tempting. (Transcript of my podcast).
How Life Changed During the Pandemic: Still Loaded with Stimulus Cash, Americans Went Shopping. But Where? by Wolf Richter • Sep 16, 2020 • 95 Comments Illustrated with 13 whiplash-inducing charts.
Down-to-Earth Aspects of the US Economy in Near-Real Time by Wolf Richter • Sep 15, 2020 • 101 Comments Long way to go, after 6 months of Pandemic.
Why the Hoped-for Solution to Out-of-Control Government Debts Won’t Work This Time by Wolf Richter • Sep 15, 2020 • 227 Comments “Rapid growth is no longer possible” and “inflation is not going to be tolerated” in societies with slow wage growth: head of central bank of Singapore. It has been said out loud.
“Remote Learning” Sinks Student-Housing CMBS, After Delinquencies Had Already Spiked in 2019 by Wolf Richter • Sep 14, 2020 • 78 Comments The formerly hot asset class was already troubled by a multiyear decline in student enrollment and a surge in upscale supply.
THE WOLF STREET REPORT: Great Time to Turn a Nest Egg into Scrambled Eggs by Wolf Richter • Sep 13, 2020 • 208 Comments It just looks so tempting.
