Treasury Market Smells a Rat: Steepest Yield Curve Since 2017 Despite QE by Wolf Richter • Jun 4, 2020 • 140 Comments Market worrying about a phenomenon much worse than stagflation?
Week 11 of the U.S. Labor Market Collapse: Signs of Having Hit Bottom, Finally by Wolf Richter • Jun 4, 2020 • 72 Comments Gig workers now over 1/3 of “insured unemployed.” Gut-wrenching 1.6 million people got laid off in a week, others got their jobs back.
This is What Heavy-Truck Manufacturers Face After a 19-Month Order Collapse to Historic Lows by Wolf Richter • Jun 3, 2020 • 52 Comments “The recovery is expected to be slow and uneven. It has not started quite yet based on the weak Class 8 orders in May.”
CMBS Delinquency Rate Spikes by Most on Record by Wolf Richter • Jun 2, 2020 • 87 Comments Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.
Rents in the Most Expensive Cities Drop. Oil Patch Gets Hit Too. But Massive Gains in Other Cities by Wolf Richter • Jun 1, 2020 • 129 Comments Are the Work-from-Home-Folks Moving to Cheaper Pastures?
San Francisco, Epitome of the “Everything Bubble,” Faces Fiscal Chaos. Boom-and-Bust, Always. Now is the Bust by Wolf Richter • May 31, 2020 • 170 Comments “I’ve stopped defining worst-case scenarios because they keep getting worse every week”: San Francisco’s controller.
From Ice-Cold to Hot: Daily Pending Home Sales in May so Far, 15 Cities Around the US by Wolf Richter • May 30, 2020 • 130 Comments A near-real-time roller-coaster of home sales during the pandemic via charts.
After Decade of Retail Investors Getting Systematically Wiped Out, SEC & CFTC Investigate Oil ETF USO Investor Risk Disclosure by Wolf Richter • May 30, 2020 • 88 Comments What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
Fed Tapered QE Helicopter Money for Wall Street Further: MBS Fell. Treasuries Barely Rose. Liquidity Swaps & Repos Stalled. by Wolf Richter • May 29, 2020 • 70 Comments But one of the Fed’s “13(3) Facilities,” managed by State Street, jumped.
No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May by Wolf Richter • May 28, 2020 • 180 Comments The housing market faces ferocious headwinds.
