What Unicorn Money-Sinkholes Actually Disrupt by Wolf Richter • May 19, 2020 • 142 Comments They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries.
During the Last Financial Crisis, Even Ecommerce Sales Plunged. Not This Time by Wolf Richter • May 19, 2020 • 64 Comments Ecommerce Spikes to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74%
Shares of Mall REITs Jumped 12% Today, But Have Collapsed So Far It’s a Barely Visible Blip by Wolf Richter • May 18, 2020 • 99 Comments The disaster came in two phases: first, the brick-and-mortar meltdown, then Covid-19.
Canadian Home Sales See Worst April Since 1984, Montreal And Toronto Lead Lower by Kaitlin Last • May 18, 2020 • 44 Comments National sales volumes have been sliding for a few years, but this is like nothing seen in a long time.
With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives by Nick Corbishley • May 18, 2020 • 29 Comments The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.
The WOLF STREET REPORT: What Unicorn Money-Sinkholes Actually Disrupted by Wolf Richter • May 17, 2020 • 218 Comments Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
Third Mega-Crisis in 12 Years: Eurozone Economy Plunges at Fastest Rate on Record by Nick Corbishley • May 17, 2020 • 102 Comments First the Global Financial Crisis, then the Euro Debt Crisis, now the Big One.
Zombie J.C. Penney Finally Files for Bankruptcy, in Deal with Distressed Debt Funds. Stock and Some Bonds Wiped Out by Wolf Richter • May 16, 2020 • 139 Comments Investors bet on this outcome for years. Covid-19 just sped it up by a few months. Department Stores Are Toast.
Here’s What Collapsed, Spiked, or Hung On in 12 Charts of Retail Sales (Yes, Department Stores Were Already Toast) by Wolf Richter • May 15, 2020 • 141 Comments Years of brick-and-mortar meltdown get compressed into a few months. But ecommerce is booming.
After Two Months of Jawboning and Media Hype that Triggered a Huge Rally, the Fed Finally Buys a Whopping $305 Million in Corporate Bonds by Wolf Richter • May 14, 2020 • 115 Comments What gave the Fed the “Authority” to do this? Enter the “13(3) facilities.”
