Week Two: How COVID-19 Lockdowns Impact US Housing Market. Mortgages Give Clues: It Gets Uglier by Wolf Richter • Apr 1, 2020 • 169 Comments “Nobody has any taste for risk anymore. All of those exotic loan programs have ceased. All investors buying that paper are gone”: mortgage broker.
Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess by Wolf Richter • Mar 31, 2020 • 220 Comments Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Estimates About the Collapse of Share Buybacks Emerge by Wolf Richter • Mar 31, 2020 • 134 Comments “The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”
Post-Lockdown New Normal: Many Brick & Mortar Stores Will Not Reopen, CMBS will Default, Mess to Ensue by Wolf Richter • Mar 30, 2020 • 245 Comments Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
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.
