Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why? by Wolf Richter • Feb 22, 2020 • 170 Comments I’m not worried about banks or investors in subprime-credit-card backed securities. If they take a beating, fine. But what does this bifurcation tell us about consumers?
“Speculative Energy in the Market is Incredibly out of Control” by Wolf Richter • Feb 14, 2020 • 216 Comments “It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.
Credit-Card Interest Rates Soar to Record High, Bond Yields Drop to Record Low: What Gives? by Wolf Richter • Feb 12, 2020 • 146 Comments My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times by Wolf Richter • Feb 11, 2020 • 156 Comments Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Shares of Bedding Unicorn Casper Collapsed by 72% from Magical Pre-IPO Valuation by Wolf Richter • Feb 10, 2020 • 93 Comments Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed.
HELOC Balances Plunge to 15-Year Low. What’s Going on Here? by Wolf Richter • Feb 9, 2020 • 136 Comments Banks are trying, but demand just isn’t there.
The State of the American Debt Slaves, Q4 2019 by Wolf Richter • Feb 7, 2020 • 223 Comments Consumer credit rose to 19.3% of GDP, the highest ever.
I’m in Awe of How Tesla is Now a Supernatural Phenomenon by Wolf Richter • Feb 4, 2020 • 193 Comments The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
US GDP Rose by $850 Billion in 2019 as US National Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108% by Wolf Richter • Jan 30, 2020 • 133 Comments Dream of 3% economic growth remained a dream despite surge in government borrowing and spending.
Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without “Regulatory Credits,” it Would Have Lost $28 Million. Annual Loss Hits $862 Million. Shares Spike 12% by Wolf Richter • Jan 29, 2020 • 137 Comments OK, let’s look at the Tesla magic briefly.
