THE WOLF STREET REPORT: How the SoftBank Scheme Rips Open the Tech Bubble by Wolf Richter • Oct 6, 2019 • 71 Comments The biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stake.
IPOs Crash & Burn, Debris Hits Housing, Office Markets by Wolf Richter • Oct 2, 2019 • 94 Comments Signs are now all over Silicon Valley and San Francisco.
US Gross National Debt Jumps by $1.2 Trillion in Fiscal 2019, to $22.7 Trillion, Hits 106.5% of GDP by Wolf Richter • Oct 1, 2019 • 133 Comments But what happens if there’s actually a recession?
Silicon Valley Is Slowing, Whether for a Quick Breather or Extended Time-Out, I Have No Idea (Guessing the Latter) by John McNellis • Sep 30, 2019 • 72 Comments Strongest argument in favor of an air-walking economy is WeWork, Uber, Lyft, and other unicorns destined to never make a dime. Throwing billions of dollars at these losers is a recessionary harbinger.
THE WOLF STREET REPORT: IPOs Crash & Burn, Debris Hits Housing, Office Markets by Wolf Richter • Sep 29, 2019 • 99 Comments Signs are now all over Silicon Valley and San Francisco.
Asset Class of Vintage Cars Drops into Bear Market, Down by More than in 2008/2009 by Wolf Richter • Sep 22, 2019 • 127 Comments “Expert sentiment is at its lowest point since October 2010, largely due to market observers’ reactions to the Monterey auctions.”
Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos (which was ‘Plan A’ till 2008) by Wolf Richter • Sep 20, 2019 • 161 Comments The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future.
Unstoppable Negative Yields Suddenly Become Stoppable by Wolf Richter • Sep 20, 2019 • 45 Comments Snapback Bloodletting in the Overripe Bond Market.
Fed’s Powell: No Negative Interest Rates at Next Crisis by Wolf Richter • Sep 18, 2019 • 117 Comments The Fed has different priorities than the ECB, the Bank of Japan, the Swiss National Bank, et al.
THE WOLF STREET REPORT: Snapback Bloodletting in the Overripe Bond Market by Wolf Richter • Sep 15, 2019 • 65 Comments The 10-year Treasury yield rips. Unstoppable negative yields become stoppable.
