Bankruptcy Next, PG&E Says. Shares Down 90% in 15 Months. From “Investment Grade” to “Default” in Three Weeks? by Wolf Richter • Jan 14, 2019 • 89 Comments California’s rate payers & taxpayers likely on the hook, as we know from PG&E’s first bankruptcy in 2001.
THE WOLF STREET REPORT by Wolf Richter • Jan 13, 2019 • 48 Comments What’s the deal with retailers — and retail sales?
The Brick & Mortar Meltdown at Movie Theaters. But a Few Movies Still Make it Big by Wolf Richter • Jan 13, 2019 • 84 Comments Tickets are expensive. Alternatives are plentiful, convenient & cheap.
Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November by Wolf Richter • Jan 11, 2019 • 70 Comments What SpaceX is trying to do has “bankrupted other organizations,” it said.
Fed’s Powell: Balance Sheet to be “Substantially Smaller.” How Small? He Gave Big Clues. My Dive into the Dynamics & Charts by Wolf Richter • Jan 11, 2019 • 67 Comments In fact, QE started reversing at the end of 2014.
At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How by Wolf Richter • Jan 10, 2019 • 106 Comments The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
Rally in Stocks Takes Heat Off Fed, Now They Talk Rate Hikes Again, Market Expectation of a Rate Hike Spikes by Wolf Richter • Jan 9, 2019 • 53 Comments But all bets are off if something big breaks.
My “Fed Hawk-O-Meter” Speaks by Wolf Richter • Jan 9, 2019 • 36 Comments Wall Street’s hope for a dovish Fed may not be entirely fulfilled, it seems.
Housing Bubble Trouble in the Seattle-Bellevue Metro by Wolf Richter • Jan 8, 2019 • 53 Comments With Seattle’s economy still strong, the downturn isn’t caused by layoffs & defaulting mortgages. The fabulous bubble has run out of steam on its own
Germany Heads for a Technical Recession by Wolf Richter • Jan 8, 2019 • 67 Comments This is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE.
