Waiting for the $1,400-Stimmie-Powered WTF Spike in March by Wolf Richter • Mar 26, 2021 • 221 Comments Free money runs out, spending drops: that’s mantra now.
As “Rent Spreads” Shrink, Exodus Ends? Rents in San Francisco & Silicon Valley at Multiyear Lows, but Soar in Sacramento, Fresno, Lake Tahoe Area by Wolf Richter • Mar 26, 2021 • 150 Comments At what point does the shrinking difference no longer justify the move? But wait… the Exodus for the Sierra Nevada isn’t driven by savings.
Blocked Suez Canal Adding to Container Shortages, Supply Chain Snarls, Component Shortages for Manufacturers by Wolf Richter • Mar 25, 2021 • 182 Comments Exactly at the worst possible time. Ripple effects to be felt for months.
FHA Mortgage Delinquencies Hit 17.5%. In 30 Metros, over 20%: On the Other Side of a Red-Hot Housing Market by Wolf Richter • Mar 24, 2021 • 226 Comments Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market.
The Crisis of Venture Capital: America’s Broken Start-up System by Jeffrey Funk • Mar 24, 2021 • 93 Comments Unicorn startups are even more unprofitable than those that did not achieve Unicorn status.
Bank of Canada Announces Balance Sheet Reduction, Suddenly Worried about “Moral Hazard” by Wolf Richter • Mar 23, 2021 • 90 Comments “Once crisis tools have served their purpose, central banks should scale them back.”
WeWork at it Again: Loses $3.2 Billion, Plans to Go Public via SPAC by Wolf Richter • Mar 23, 2021 • 117 Comments To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
Everyone Knows the Housing Market Craziness Can’t Last, then the First Dip Turns into a Big Drop by Wolf Richter • Mar 22, 2021 • 194 Comments Now they’re wondering why.
All Heck Breaks Loose amid Fears of Another Currency Crisis after Turkey’s Central Bank Governor Got Sacked Following Shock-and-Awe Rate Hike by Nick Corbishley • Mar 22, 2021 • 98 Comments The Lira plunges, stocks plunge, yields jump. Capital controls expected.
First Signs that Surging Mortgage Rates Are Dialing Down the Heat under the Housing Market by Wolf Richter • Mar 21, 2021 • 142 Comments The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
