New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks by Wolf Richter • Apr 6, 2020 • 188 Comments “Suppressing” bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank.
Trucking Skids Off the Road Entirely by Wolf Richter • Apr 3, 2020 • 81 Comments “Only good news is that the number was still positive despite the high number of cancellations.”
Estimates About the Collapse of Share Buybacks Emerge by Wolf Richter • Mar 31, 2020 • 134 Comments “The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”
Post-Lockdown New Normal: Many Brick & Mortar Stores Will Not Reopen, CMBS will Default, Mess to Ensue by Wolf Richter • Mar 30, 2020 • 245 Comments Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
“Not All Airlines Will Go Bankrupt”: How Will Coronavirus Travel-Bans Impact Airbus, Suppliers, and Airlines? by MC01 • Mar 29, 2020 • 130 Comments All eyes are on China to see how air transport will change in the aftermath of the crisis.
Four Mortgage REITs Collapse After Chaos Hit Markets for Residential & Commercial Mortgage-Backed Securities by Wolf Richter • Mar 24, 2020 • 187 Comments In good Financial Crisis manner, stuff blows up despite the Fed’s effort to stem the chaos. Now hoping for taxpayer bailouts.
Share Buybacks Are Toast for 2020: Oops, that was the $4.6 Trillion Driver of the Stock-Market-Bubble by Wolf Richter • Mar 24, 2020 • 113 Comments Even after the bottom is perceived to be in, “buybacks may be slow to come back” as companies struggle for cash amid potential government restrictions on buybacks and their dismal public image: S&P Dow Jones Indices.
Leveraged Loans Blow Out. Distressed Corporate Debt Spikes by Wolf Richter • Mar 23, 2020 • 252 Comments This is the moment when yield-chasing turns into a massacre.
It’s Just Day 22 of CoronaCrash, and It’s Already Such a Mess by Wolf Richter • Mar 21, 2020 • 336 Comments Kissing share buybacks and dividends goodbye.
Junk-Bond Spreads & BBB-Bond Spreads Blow Out Past Lehman-Bankruptcy Levels by Wolf Richter • Mar 19, 2020 • 191 Comments Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction.
