Riskiest Junk-Rated Companies Borrow at Lowest Cost Ever amid Torrid Yield Chasing. AMC Bonds Sell at a Premium by Wolf Richter • Apr 20, 2021 • 63 Comments Commercial bankruptcy filings drop to lows last seen in the loosey-goosey days just before the Financial Crisis.
Stock Market Leverage in La-La Land, Rises to Historic WTF High by Wolf Richter • Apr 17, 2021 • 258 Comments Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS collapsed by 60%.
Mexico’s War on Obesity Sends Global Junk-Food & Sugary-Drink Giants Scrambling by Nick Corbishley • Apr 13, 2021 • 130 Comments The Pandemic strengthened the resolve to fight obesity.
Get Ready for a Wild “Base Effect”: Highlighted Forcefully when it Suits Them, as with Inflation; Silenced Forcefully When it’s Awkward, as with Corporate Earnings by Wolf Richter • Apr 8, 2021 • 122 Comments We’re going to be awash in huge and even absurd percentage-growth numbers.
Archegos Implosion is a Sign of Massive Stock Market Leverage that Stays Hidden until it Blows Up and Hits the Banks by Wolf Richter • Mar 29, 2021 • 202 Comments Banks, as prime brokers and counterparties to the hedge fund, are eating multi-billion-dollar losses as they try to get out of these secretive stock derivative positions.
Ponzis Go Boom!!! by Kuppy • Mar 29, 2021 • 101 Comments The SPAC market is in the process of detonating and it will take the Ponzi Sector with it.
Blocked Suez Canal Adding to Container Shortages, Supply Chain Snarls, Component Shortages for Manufacturers by Wolf Richter • Mar 25, 2021 • 182 Comments Exactly at the worst possible time. Ripple effects to be felt for months.
The Crisis of Venture Capital: America’s Broken Start-up System by Jeffrey Funk • Mar 24, 2021 • 93 Comments Unicorn startups are even more unprofitable than those that did not achieve Unicorn status.
WeWork at it Again: Loses $3.2 Billion, Plans to Go Public via SPAC by Wolf Richter • Mar 23, 2021 • 117 Comments To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Market Manias Galore, But Long-Term Interest Rates Smell a Rat by Wolf Richter • Mar 18, 2021 • 122 Comments These manias and the rising long-term interest rates are on collision course.
