Amazon to Close 4 of its 5 US Call Centers, Shifts to Work-from-Home, after Closing 44 Warehouses, Halting Construction on 7 Office Towers by Wolf Richter • Sep 29, 2022 • 124 Comments The giant’s footprint reduction to cut costs sinks Commercial Real Estate.
SPAC Bamboozle Keeps on Giving: Stock Shredded, Low on Cash, Layoffs Underway, Volta Goes after Government Subsidies for EV Charging Stations by Wolf Richter • Sep 28, 2022 • 94 Comments The model of “growth at all cost” has been taken out to the dump.
The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out: Why This Nails the Parallel to the Dotcom Bust by Wolf Richter • Sep 25, 2022 • 336 Comments But this time, there’s over 8% inflation.
The Day Wall Street’s Narrative of “Inflation is Over” Fell Apart: A Sea of Red by Wolf Richter • Sep 13, 2022 • 221 Comments But for yield investors: Short-term Treasury yields near 4%. Six-month CD yields at 3.5%, if you shop around.
Mortgage Lender Woes by Wolf Richter • Sep 7, 2022 • 114 Comments Mortgage volume collapsed. And the stocks of the biggest mortgage lenders collapsed after IPO or SPAC merger.
The Holy-Moly 6.25% Mortgage is Back, Treasury Yields Spike, Summer Bear-Market Rally Unwinds by Wolf Richter • Sep 6, 2022 • 204 Comments In terms of diversification between stocks and bonds, there is none. Not anymore. They even nailed the bear market rally in lockstep.
EV SPAC Faraday Future Breaks the Buck, 14 Months after Going Public. Consensual Hallucination Was so Bad it Was Funny by Wolf Richter • Sep 6, 2022 • 98 Comments Never a boring day in the SPAC & IPO hype-and-hoopla clown show.
Formerly Sacred Now Rotting Silicon Valley Dictum of “Growth at All Costs” Crushes Okta: Shares Collapse 80% from Peak by Wolf Richter • Sep 1, 2022 • 101 Comments Huge losses, but now revenue growth is slowing. Hilariously, executives refer to the huge losses as “profitability.”
Sales of New Houses Collapse (in the West by 50%!) Inventories & Supply Spike to High Heaven, Worst since Peak of Housing Bust 1 by Wolf Richter • Aug 23, 2022 • 223 Comments Forget “housing shortage.” It’s about crazy prices: For sales to revive at these mortgage rates, prices have to come down a lot, and they’re starting to.
Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments by Wolf Richter • Aug 22, 2022 • 118 Comments Meme-stock crowd got crushed, shares collapsed 69% in 4 days. Billionaire hedge-fund hero, who might have known about unpaid bills, got out in time.
