“It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.
My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
Banks are trying, but demand just isn’t there.
Consumer credit rose to 19.3% of GDP, the highest ever.
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
Dream of 3% economic growth remained a dream despite surge in government borrowing and spending.
OK, let’s look at the Tesla magic briefly.
Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.