As Short-Term Renters & Immigration Fizzle, and People Move Out to “Work from Somewhere Else,” London Apartment Vacancies Soar, Rents Drop by Nick Corbishley • Dec 17, 2020 • 57 Comments “Unprecedented space across the West End”: REIT Shaftesbury PLC grapples with a new reality.
Where Americans Splurged & Where They Cut Back in 13 Whiplash-Charts by Wolf Richter • Dec 16, 2020 • 149 Comments Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
Congress to Pass $17 Billion Bailout of Airline Shareholders & Bondholders, to Top Off Prior Bailout. Industry Applauds, Airline Stocks Jump by Wolf Richter • Dec 15, 2020 • 161 Comments Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11 bankruptcy works. Airlines proved it.
California “Techsodus”: Tech Companies, Billionaires, Millionaires, Tech Employees Flee San Francisco & Silicon Valley by Wolf Richter • Dec 14, 2020 • 253 Comments And we coined “Management by Zooming Around.” Which is what Oracle’s Larry Ellison is doing.
Bracing for Impact: My View as British Expat Just Before Brexit by Nick Corbishley • Dec 14, 2020 • 104 Comments None of the gloomiest predictions of how a Hard Brexit could impact UK expats in the EU has come to pass. But there are complications.
Tesla, Quadruple-WTF Chart of the Year: It Should Just Sell Shares on Autopilot at Huge Prices and Exit Sordid Business of Making Cars by Wolf Richter • Dec 12, 2020 • 274 Comments Global market share of 1%. But market cap = combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford. Raised $10 billion in three months by selling shares.
Update on the Fed’s QE by Wolf Richter • Dec 11, 2020 • 120 Comments No Wonder the Cry Babies on Wall Street are clamoring for more. Five SPVs, already on ice, will expire on December 31.
For HSBC, Life Gets Very Complicated in Hong Kong & China, its Number One Market, as China Tightens the Screws by Nick Corbishley • Dec 11, 2020 • 41 Comments Amid concerns China’s authorities are using the account seizures to crack down on dissent.
The State of American Used Cars & Trucks: A Market Gone Haywire and Now in Process of “Normalizing” by Wolf Richter • Dec 10, 2020 • 79 Comments We may well see more of these types of charts cropping up for other markets that too went haywire this year.
Occupancy Plunges to 70% at San Francisco Luxury Apartment Towers across from Twitter Headquarters: a Broad Phenomenon by Wolf Richter • Dec 10, 2020 • 122 Comments While landlords are muttering, “And this too shall pass.”