Coinbase CEO Still among those “Who Believe in Crypto,” the Religion, Cuts another 25% of Real-World Staff, Sees another Huge Loss by Wolf Richter • Jan 10, 2023 • 118 Comments It has $3.6 billion in real-world debt. The bonds crashed, the stock imploded, reality keeps biting the crypto world.
Wild Ride of US Auto Sales in 2022 below 1977. Charts for GM, Toyota, Ford, Stellantis, Hyundai-Kia, Honda, and Nissan oh Dear by Wolf Richter • Jan 8, 2023 • 201 Comments Who got chips and who didn’t: Hyundai-Kia sales near all-time high in 2022, Honda’s sales collapsed.
Fed, FDIC, & OCC Warn Banks about Contagion from Cryptos, with Laundry List of Sordid Stuff Inherent in the Crypto Scene by Wolf Richter • Jan 3, 2023 • 159 Comments Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.
2022, Year of Face-Ripping Bear-Market Rallies that Got Crushed by Wolf Richter • Dec 30, 2022 • 159 Comments But history doesn’t repeat, it rhymes: For your amusement, a Nasdaq comparison to the Dotcom Bust.
The Most Astounding IPO Hype-and-Hoopla Show Ever Ends 2022 in Tears by Wolf Richter • Dec 26, 2022 • 87 Comments “The value of discipline is currently at an all-time high,” after years when the value of consensual hallucination was at an all-time high.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
Eleven Months After Going Public via SPAC, Texas-Based Bitcoin Miner Core Scientific Files for Bankruptcy by Wolf Richter • Dec 22, 2022 • 134 Comments Consensual-hallucination stocks and crypto just keep on giving.
THE WOLF STREET REPORT: The Price of Easy Money Now Coming Due by Wolf Richter • Dec 18, 2022 • 188 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
Rising But Still Low New-Vehicle Inventory Tripped Up by Shift in Demand from Trucks (Now Lots of Supply) to Fuel-Efficient Cars (Very Little Supply) by Wolf Richter • Dec 14, 2022 • 59 Comments US brands gave up on cars. Now their trucks are piling up. Asian brands dominate cars and have shortest supply. And prices are too damn high.
Starting to Be Housing Bust 2 for Homebuilders & New Single-Family Houses by Wolf Richter • Dec 11, 2022 • 217 Comments To get rid of ballooning inventories amid spiking cancellations & plunging sales, builders try to sell to rental operations, but they pulled back too.
