Cleaning Up the SPAC Mess after Consensual Hallucination: Bankruptcies, Imploded Stocks, and Lawsuits. Lots of Cleanup Left to Do by Wolf Richter • Dec 27, 2023 • 103 Comments But it was so much fun while it lasted?
Inflationary Aspects of Spiking Corporate Profits by Major Industry: Starting All Over Again, Good Lordy! by Wolf Richter • Dec 21, 2023 • 145 Comments Inflation is like so not defeated? Jacking up prices faster than costs are rising creates stunning profits. Strong demand sees to it that companies can do it.
It’s Like Ford, GM, FCA Got Run Over by a Tesla on Autopilot by Wolf Richter • Dec 12, 2023 • 286 Comments The infinite wisdom of the US legacy automakers never ceases to astound.
PE Firms & Distressed Debt Funds to Get Mall Landlord PREIT in Prepackaged Bankruptcy Filing #2 by Wolf Richter • Dec 11, 2023 • 53 Comments Now they get to deal with the brick-and-mortar meltdown.
Tesla Model Y is #2 US Bestseller in 2023 through Q3, Behind Perennial #1 Ford F-150, and Ahead of Toyota RAV4 by Wolf Richter • Dec 7, 2023 • 103 Comments Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out.
“Unrealized Losses” on Securities Held by Banks Jump by 22% to $684 Billion in Q3, Oh Lordy by Wolf Richter • Nov 30, 2023 • 104 Comments They don’t matter until they suddenly do.
Prices of New Houses Drop Further, -18% Year-over-Year, Sales Drop, High Inventories Rise Further, Supply Jumps by Wolf Richter • Nov 27, 2023 • 225 Comments Mortgage-rate buydowns, “smaller product footprints,” and “de-amenitizing” to bring down payments: D.R. Horton.
The Collapse of EV-Charger SPACs: ChargePoint CEO Sacked, CFO out, Revenues Plunge, Losses Mount, Shares -96% from Peak. EVgo Not Far Behind by Wolf Richter • Nov 17, 2023 • 131 Comments With EV charging, America is divided into two parts: Tesla’s network and everything else.
Biggest IPO Stocks of 2023 Turn Ugly, Some Dropped over 40% from Peak Already by Wolf Richter • Nov 9, 2023 • 62 Comments And now the IPO window is shut again. The biggest nine IPOs of 2023.
Overindebted Out-of-Cash Sleep Number Blames Consumers for Results of Years of Mismanagement. Shares Collapsed 92% from Peak Consensual Hallucination by Wolf Richter • Nov 8, 2023 • 125 Comments This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
