Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK by Nick Corbishley • Oct 19, 2020 • 36 Comments Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.
Worst Recovery Ever: To Soothe Investor Pain, Government Agency TSA Hypes Airline Stocks in Chilling PR Stunt by Wolf Richter • Oct 19, 2020 • 147 Comments What the TSA said in its PR stunt and what it forgot to say.
THE WOLF STREET REPORT: “Creative Destruction” or Just “Destruction”? by Wolf Richter • Oct 18, 2020 • 109 Comments Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”
Stimulus & Debt-Deferral Economy: Americans Splurged. Huge Price Increases Boosted Auto Sales. Liquidation Sales Pumped up Department Stores by Wolf Richter • Oct 16, 2020 • 154 Comments Depicted by my 13 whiplash-charts.
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge by Nick Corbishley • Oct 16, 2020 • 32 Comments The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.
Airlines Raised $$$-Billions via Frequent Flier Programs. Delta alone Raised $9 billion via SkyMiles as Collateral. How? by Wolf Richter • Oct 15, 2020 • 81 Comments “You’re the Collateral.” Separating the assets (including you) from the liabilities (your miles), and pledging the assets.
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go by Wolf Richter • Oct 14, 2020 • 124 Comments The American Oil Boom Was Where Money Went to Die.
“Daily Cash Burn” to Continue till Further Notice: US Air Travelers Still -65%, Ticket Prices -25%, a Toxic Mix. Delta Q3 Passenger Revenues -83% by Wolf Richter • Oct 14, 2020 • 107 Comments Eight months into crisis, airlines are stuck in worst recovery ever.
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel by Nick Corbishley • Oct 13, 2020 • 61 Comments With impeccable timing.
Crazy Times Not Only for Consumers Trying to Buy a Used Car but also for Dealers Grappling with the Distortions by Wolf Richter • Oct 13, 2020 • 82 Comments Retail prices of used cars & trucks spiked most since 1969 despite lower sales and plenty of supply. Wholesale prices, after biggest spike ever, are already falling.
