What Are We Going to Do with All these Unicorns? by Wolf Richter • Apr 26, 2023 • 91 Comments Another Easy-Money hangover.
And if the Most Clamored-for Recession Ever Fails to Appear? How a Higher Inflation Target Would Hit Markets, Banks’ Exposure to CRE, Blowups of Subprime Auto Dealers-Lenders… by Wolf Richter • Apr 26, 2023 • 61 Comments And other Goodies. Wolf Richter on This Week in Money.
The Most Splendid Housing Bubbles in America, April Update: Year-over-Year Price Drops Worsen in San Francisco, Seattle, San Diego, Portland, Las Vegas, Phoenix, Los Angeles, Denver by Wolf Richter • Apr 25, 2023 • 254 Comments Even Miami lost ground. Spring selling season is a dud so far. And the banking crisis hasn’t even made it into the data yet. That’s still to come.
First Republic Discloses it’s a Zombie by Wolf Richter • Apr 24, 2023 • 126 Comments Shares, after jumping 12% during the day in anticipation of something wonderful, plunged 22% after-hours, now within a hair of the low in March.
After Wasting $11.6 billion on Share Buybacks (“Return Value to Shareholders” LOL), Meme-Stock Pump-n-Dump Bed Bath & Beyond Goes Bankrupt, Will Liquidate by Wolf Richter • Apr 23, 2023 • 176 Comments Brick-and-Mortar Meltdown Continues. Revenues Collapsed by 55% since 2017: Share buybacks and Ecommerce killed it.
I Love How Tesla Wreaks Havoc among Automakers with Massive Price Cuts, Huge Sales Growth, Even Huger Production Growth, and Overcapacity by Wolf Richter • Apr 22, 2023 • 317 Comments Shareholders hate it. It’s bitter medicine for the industry that pushed upscale and jacked up prices so average Americans can no longer buy new vehicles.
Amex Customers – Above-Average-Income Consumers – Are Spending like Drunken Sailors, incl. on Travel & Restaurants by Wolf Richter • Apr 21, 2023 • 153 Comments They’re the Big Spenders, they move the needle. Millennials and Gen Z-ers are now the drivers of this growth.
Short End of the Treasury Market Goes Totally Nuts. Doubts Creep in Over Debt Ceiling? by Wolf Richter • Apr 20, 2023 • 165 Comments The good folks in Congress are surely too worried about their own wealth, and sheer greed will keep them from pushing the US into default. But…
Housing Market Takes Another Step Back: Home Prices Drop Year-over-Year for Second Month. Already Dismal Sales Fell by Wolf Richter • Apr 20, 2023 • 130 Comments Investors lost interest too: Sales to all-cash buyers plunged 24% year-over-year.
But What If We Don’t Get a Recession in 2023? That Would Be a Bummer for Wall Street by Wolf Richter • Apr 19, 2023 • 229 Comments Just a slower-growth muddle-through economy that adjusts to higher rates and sticky inflation.
