“Robinhood Traders” Trigger Massive Idiocy on Scheme by Nasdaq-Listed Chinese Penny Stock that Skyrocketed 4,387% & Collapsed by Two-Thirds in Just One Day by Wolf Richter • Sep 23, 2020 • 109 Comments #TheZooHasGoneNuts: One press release about an EV, but no money, no tech, no prototype, no facilities, no plans, no nothing. Getting pretty thick, even for our crazy times. SEC, are you awake?
Who Got the $33 Billion in Farm Subsidies for the US-China Trade-War and Coronavirus Payments? by Wolf Richter • Sep 22, 2020 • 86 Comments Individual recipients don’t even have to work on a farm; people getting these payments can be “city slickers.”
There Will Be Permanent Changes: Apple CEO Tim Cook Weighs in on Working from Home by Wolf Richter • Sep 22, 2020 • 158 Comments “Some things actually work really well virtually”; but “the vast majority of us can’t wait until we can be back in the office.”
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.
