“Wall Street Biggest Banks Shamelessly Try to Use Coronavirus to Get Federal Reserve to Weaken Rules”: Better Markets by Wolf Richter • Mar 2, 2020 • 134 Comments At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Just How Bad Is It Going to Get for US Airlines? by Wolf Richter • Mar 2, 2020 • 123 Comments “We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
China’s Non-Manufacturing & Manufacturing PMIs Show to What Unfathomable Extent the Economy Has Collapsed by Wolf Richter • Mar 1, 2020 • 209 Comments The charts are brutal.
Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended by Nick Corbishley • Feb 29, 2020 • 72 Comments “Even more damning than our initial report”: Carson Block of Muddy Waters.
“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today by Wolf Richter • Feb 28, 2020 • 225 Comments Wow, what a day, what a week, what a 15-minute spike at the end!
Has the Coronavirus Hit US Consumer Spending Yet? by Wolf Richter • Feb 28, 2020 • 83 Comments In January, consumers carried on in hunky-dory land.
Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low by Wolf Richter • Feb 27, 2020 • 73 Comments Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines.
Epic Construction Downturn Grips Australia by Nick Corbishley • Feb 27, 2020 • 37 Comments The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
How a Coronavirus Case in Korea Instantly Hit a Small Business in the US by Wolf Richter • Feb 27, 2020 • 140 Comments Everyone is trying to figure out how to get around the sudden hurdles.
Los Angeles Housing Market Carved Up by Unaffordability & Divergence in Demand by Wolf Richter • Feb 26, 2020 • 52 Comments Low Tier Skyrockets. Super-Luxury in Trouble. Condo, High-Tier House Prices Have Gone Nowhere since mid-2018.