How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions by Wolf Richter • Mar 30, 2020 • 124 Comments Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
The Downgrade Massacre Has Started by Wolf Richter • Mar 27, 2020 • 188 Comments Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Helicopter Money for Wall Street by Wolf Richter • Mar 26, 2020 • 274 Comments Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
A Word About the Horrid Spike in Unemployment Claims and Why it’s Even More Horrid Than it Appears by Wolf Richter • Mar 26, 2020 • 274 Comments No one has ever seen anything like this.
How Will Coronavirus Lockdowns Impact the US Housing Market? First Data Points Are Out. They’re Ugly by Wolf Richter • Mar 25, 2020 • 223 Comments And it’s just the first inkling of what’s in store for home sales.
Four Mortgage REITs Collapse After Chaos Hit Markets for Residential & Commercial Mortgage-Backed Securities by Wolf Richter • Mar 24, 2020 • 187 Comments In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
Share Buybacks Are Toast for 2020: Oops, that was the $4.6 Trillion Driver of the Stock-Market-Bubble by Wolf Richter • Mar 24, 2020 • 113 Comments Even after the bottom is perceived to be in, “buybacks may be slow to come back” as companies struggle for cash amid potential government restrictions on buybacks and their dismal public image: S&P Dow Jones Indices.
What Are All the Fed’s Corporate & Investor Bailout Programs and SPVs? Here’s the Whole Shitload of Them by Wolf Richter • Mar 23, 2020 • 232 Comments Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the losses.
Leveraged Loans Blow Out. Distressed Corporate Debt Spikes by Wolf Richter • Mar 23, 2020 • 252 Comments This is the moment when yield-chasing turns into a massacre.
It’s Just Day 22 of CoronaCrash, and It’s Already Such a Mess by Wolf Richter • Mar 21, 2020 • 336 Comments Kissing share buybacks and dividends goodbye.
