Who Bought the $3.3 Trillion Piled on the Incredibly Spiking US National Debt Since March? by Wolf Richter • Sep 17, 2020 • 171 Comments Trillions flying by so fast, it’s hard to even count them. But somebody had to buy these Treasury securities. And it wasn’t just the Fed. Here’s who.
“Remote Learning” Sinks Student-Housing CMBS, After Delinquencies Had Already Spiked in 2019 by Wolf Richter • Sep 14, 2020 • 78 Comments The formerly hot asset class was already troubled by a multiyear decline in student enrollment and a surge in upscale supply.
Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon by Wolf Richter • Sep 13, 2020 • 136 Comments In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”
Junk-Bond Frenzy Set Records in August, as Everyone Tried to Front-Run the Fed by Wolf Richter • Sep 11, 2020 • 95 Comments But seeing the frenzy, the Fed has stepped away.
THE WOLF STREET REPORT: This Tech-Stock Sell-Off Is a Sign Something Broke by Wolf Richter • Sep 6, 2020 • 135 Comments SoftBank was only a cog in the huge machinery.
The Wild Ride of the Giant 5 Stocks (APPL, MSFT, AMZN, GOOG, FB) v. the Rest of the Market by Wolf Richter • Sep 5, 2020 • 171 Comments Suddenly, a whiff of “Don’t fight the Fed?”
Wall Street’s New Meme: Selloff is “Good News for Tech Stocks” after Robinhood Call-Options Traders Are Properly Wiped Out by Wolf Richter • Sep 4, 2020 • 108 Comments If stocks made a sudden connection to the worst economy in a lifetime, after having been disconnected for months, that would be a disaster, however.
Tesla, the Triple-WTF Chart of the Year: Just Put Your Brain on Tesla Autopilot and Believe in It by Wolf Richter • Aug 31, 2020 • 233 Comments I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.
Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two by Wolf Richter • Aug 27, 2020 • 140 Comments On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%.
The Zombie Companies Are Coming by Wolf Richter • Aug 26, 2020 • 84 Comments Easy money is a curse for capitalism (transcript of my podcast).
