Why’s the ECB Buying the Debt of So Many Non-EU Companies? by Nick Corbishley • Aug 4, 2020 • 42 Comments “Companies from outside the euro zone are setting up vehicles to issue debt in euros and thereby qualify for the ECB’s purchase programs.”
Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 30, 2020 • 213 Comments “Extend and Pretend” forevermore. Transcript of my podcast.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Bailout of Trucking Company YRC, Near Bankruptcy Before Covid-19, Ripped by Congressional Watchdog by Wolf Richter • Jul 21, 2020 • 69 Comments It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
“Giant 5 Index” – AAPL, MSFT, AMZN, GOOG, FB – Sagged All Week, Rest of Market Rose, Still 2.5-Year Wild Ride to Nowhere by Wolf Richter • Jul 19, 2020 • 103 Comments And the FANGMAN shivered as Netflix got knocked down.
“Wild Ride to Nowhere”: APPL, MSFT, AMZN, GOOG, FB Soar to New High. Rest of Stock Market is a Dud, Has Been for Years by Wolf Richter • Jul 11, 2020 • 220 Comments The market has come to totally depend on the “Giant 5.” A scary out-of-whack weight on the way down.
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas by Wolf Richter • Jul 10, 2020 • 128 Comments The bankruptcy epicenter is in Texas.
Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities by Wolf Richter • Jul 5, 2020 • 123 Comments CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.
Double-WTF Chart of the Year Update: Tesla Becomes Most Valuable Automaker, Blows by Toyota by Wolf Richter • Jul 1, 2020 • 171 Comments To mark this moment in the history of insane stock prices where a tiny automaker with a global market share of 0.5% and a big loss in 2019 became the most valuable automaker in the world.
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or Unsuspecting “Market Participants”? by Wolf Richter • Jun 29, 2020 • 57 Comments Answers emerge from the murky business of CLOs.
