The Zoo Has Gone Nuts: PayPal Will Give Me $25 if I Buy Cryptos by Wolf Richter • Jul 28, 2021 • 131 Comments Ah, hefty “fees” & fat “spreads.” But wasn’t the promise of bitcoin to buy stuff without using fiat currency payment systems such as PayPal?
After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments by Wolf Richter • Jul 22, 2021 • 237 Comments “No way did I realize how difficult it was going to be to try and get people to come to work these days”: CEO of CSX.
Creditors Foreclose on Another Mall of Simon Property Group, Face Massive Loss by Wolf Richter • Jul 21, 2021 • 147 Comments As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
“No Resistance” to Price Increases by Wolf Richter • Jul 20, 2021 • 304 Comments The Restaurant Industry Reacts to a Messed-Up Economy Plagued by Shortages & Transportation Snags.
Did People Use their Stimulus to Start a Business? The Spike in New Businesses, one of the Mindblowers of the Pandemic by Wolf Richter • Jul 15, 2021 • 116 Comments Now it’s confirmed, it wasn’t for PPP-loan fraud.
Today’s Unicorns Have Bigger Cumulative Losses than Amazon, Lost Money far Longer than Amazon, Still No Turnaround by Jeffrey Funk • Jul 5, 2021 • 117 Comments Just because Amazon was able to succeed does not mean others will. But they’re getting showered with money.
EV SPAC Lordstown Shows Why this Market Needs Short Sellers More than Ever; They’re the Only Sheriff Left in Crazy Town by Wolf Richter • Jun 17, 2021 • 86 Comments Lordstown now says it has “No Binding Orders” after saying it had “Binding Orders,” after admitting it had “No Binding Orders,” after hyping its binding orders for months. Sheesh.
A Glimpse at Hidden Stock Market Leverage of “Securities-Based Lending,” as Known Stock Market Leverage Spikes to WTF High by Wolf Richter • Jun 16, 2021 • 96 Comments We don’t know how much total leverage there is, but from the trends in margin debt, we know it’s huge and ballooning.
Third Publicly Traded Mall REIT Files for Bankruptcy in Eight Months: Washington Prime Group, the Simon Property Spinoff by Wolf Richter • Jun 14, 2021 • 87 Comments The brick-and-mortar meltdown for mall landlord started years before the Pandemic. For WPG, it started in 2016.
“Tesla only sold ~10%” of its Bitcoin Holdings: Musk Speaks, Bitcoin Moves. But it Takes Two to Tango by Wolf Richter • Jun 13, 2021 • 152 Comments Pump and dump just for the heck of it? Why can’t this dude just shut up? That’s what people, including the SEC, want to know.
