Munger: “Nobody Knows What’s Going to Happen.” And This Time, Berkshire Is Not Piling into Stocks & Companies by Wolf Richter • Apr 19, 2020 • 158 Comments “I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.”
What U.S. Cruise Lines Are Up Against. And No Bailout Money by MC01 • Apr 18, 2020 • 192 Comments Their megaships turned from a revenue-generating asset into an expensive-to-maintain nightmare.
Coronavirus Drives Barrage of New Lobbying Activity by Wolf Richter • Apr 17, 2020 • 136 Comments Follow the Bailout Money.
Here’s Where Retail Sales Spiked and Collapsed in 11 Mind-Blowing Charts of Lockdown Land by Wolf Richter • Apr 15, 2020 • 165 Comments But department stores will never recover; they were toast before the lockdowns.
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
“Mortgage Forbearance” is Suddenly Hot, Hits Shadow Banks, which Clamor for Bailout from Taxpayers and the Fed by Wolf Richter • Apr 10, 2020 • 234 Comments “The mortgage market has more risk than previously acknowledged.”
Week 3: How Lockdowns Impact Housing & Mortgage Markets by Wolf Richter • Apr 8, 2020 • 149 Comments Expensive markets face a new reality: lenders get skittish about jumbo loans.
How Lockdowns Hit U.S. New & Used Vehicle Sales: Beyond Ugly by Wolf Richter • Apr 8, 2020 • 218 Comments When the unemployment crisis exploded onto the scene three weeks ago, sales totally collapsed. What’s in store for the industry?
Another U.S. IPO of a Chinese Company Goes Bust in 11 Months by Wolf Richter • Apr 7, 2020 • 127 Comments Trading of Luckin shares now halted. Wall Street banks, which get big-fat fees, are all too happy to sell this stuff to the American public.
Preparing for the Aftermath: China’s Airlines Try to Exit Crisis, Alitalia is Nationalized, Qantas Plans 21-Hour Direct Flights by MC01 • Apr 6, 2020 • 53 Comments The situation is very fluid.
