Mortgage Forbearance Balloons, Home Sales Plunge by Wolf Richter • Apr 29, 2020 • 155 Comments In addition to logistical difficulties of selling a home in the era of social distancing, there is the explosion of a historic unemployment crisis.
Can Macy’s Survive this Crisis Without Filing for Bankruptcy? by Wolf Richter • Apr 28, 2020 • 121 Comments Its unsecured bonds crashed 53% since Feb 14. It has been living off its real estate portfolio of “owned boxes” for years by selling them.
Dividend Massacre in This Crisis is Already Breaking Records, But it Just Started by Wolf Richter • Apr 28, 2020 • 207 Comments The old saw that dividend stocks are good for bear markets is actually a high-risk gamble.
What Manufacturing Executives Said About Their Business in this Economy by Wolf Richter • Apr 27, 2020 • 121 Comments “Builders want extensions on their accounts and ask for better margins. Buyers are down by 50% to 60%. Employees are scared and do not want to work. Everything we do takes twice as long.”
How the Unicorn Blowup & Oil Bust Bleed into Commercial Mortgage-Backed Securities by Wolf Richter • Apr 26, 2020 • 178 Comments CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.
Used-Vehicle Wholesale Volume Collapsed, Prices Drop: Mega-Pain for Automakers, Leasing Companies, Rental-Car Companies, Banks, Bondholders, Stockholders by Wolf Richter • Apr 24, 2020 • 205 Comments No one has ever seen a mess like this before.
Fed Cut Back on Helicopter Money for Wall Street & the Wealthy by Wolf Richter • Apr 23, 2020 • 165 Comments Tapered QE-4 Further, Still Hasn’t Bought Junk Bonds or ETFs, Was Just Jawboning.
Postmortem of the Infamous Day WTI Crude Oil Futures Went to Heck in a Straight Line by Wolf Richter • Apr 23, 2020 • 62 Comments The US Energy Information Agency (EIA) dissects the historic event.
Week 5 of the Collapse of the U.S. Labor Market by Wolf Richter • Apr 23, 2020 • 221 Comments Gut-wrenching tally balloons. Gig workers and contract workers are starting to be included. Florida tries to catch up.
Housing Market under COVID-19: Regular Folks Retreat, Foreign Investors Blocked, Large US Investors Gone, iBuyers Frozen by Wolf Richter • Apr 22, 2020 • 176 Comments Demand is a lot weaker in some places than in others. Here are the 20 cities with the largest drops.
