Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess by Wolf Richter • Mar 31, 2020 • 220 Comments Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Estimates About the Collapse of Share Buybacks Emerge by Wolf Richter • Mar 31, 2020 • 134 Comments “The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”
Post-Lockdown New Normal: Many Brick & Mortar Stores Will Not Reopen, CMBS will Default, Mess to Ensue by Wolf Richter • Mar 30, 2020 • 245 Comments Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions by Nick Corbishley • Mar 30, 2020 • 69 Comments “We are temporarily a company with no product and no revenue.”
How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions by Wolf Richter • Mar 30, 2020 • 124 Comments Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
Corruption in the Time of Coronavirus by Karen Parker Feld • Mar 29, 2020 • 279 Comments Now even the fig leaf is gone.
“Not All Airlines Will Go Bankrupt”: How Will Coronavirus Travel-Bans Impact Airbus, Suppliers, and Airlines? by MC01 • Mar 29, 2020 • 130 Comments All eyes are on China to see how air transport will change in the aftermath of the crisis.
CoronaWar Battlegrounds: New York Leads in Growth, Minnesota Bends it Best. California Hot Spots v. Italy & South Korea. Pain in Spain by Wisdom Seeker • Mar 28, 2020 • 215 Comments Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
The Downgrade Massacre Has Started by Wolf Richter • Mar 27, 2020 • 188 Comments Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19 by Nick Corbishley • Mar 27, 2020 • 98 Comments Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.