THE WOLF STREET REPORT: Nothing’s Fixed – What’s Behind the Corporate Debt Bailout by Wolf Richter • May 3, 2020 • 177 Comments Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
Can Macy’s Survive this Crisis Without Filing for Bankruptcy? by Wolf Richter • Apr 28, 2020 • 121 Comments Its unsecured bonds crashed 53% since Feb 14. It has been living off its real estate portfolio of “owned boxes” for years by selling them.
How the Unicorn Blowup & Oil Bust Bleed into Commercial Mortgage-Backed Securities by Wolf Richter • Apr 26, 2020 • 178 Comments CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.
Fed Massively Tapered QE-4. Hasn’t Bought Any Junk Bonds, Was Just Jawboning by Wolf Richter • Apr 17, 2020 • 128 Comments Helicopter Money for Wall Street & the Wealthy: $2.06 Trillion in 5 Weeks. Regular folks, forget it.
How Will Covid-19 Lockdowns Hit the Housing Market? It Gets a Little Clearer by Wolf Richter • Apr 16, 2020 • 167 Comments “In May, what market? I don’t see no market”: Realtor.
“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries by Nick Corbishley • Apr 14, 2020 • 52 Comments Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
Going to be Tougher for Lots of People to Even Get a Mortgage. Expensive Housing Markets Most Affected by Wolf Richter • Apr 12, 2020 • 205 Comments Availability of Jumbo Mortgages Plunges.
“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.”
QE-4 Cut in Half this Week. Fed’s Helicopter Money for Wall Street & the Wealthy Hits $1.8 Trillion in 4 Weeks by Wolf Richter • Apr 9, 2020 • 224 Comments Regular folks need not apply.
