“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries by Nick Corbishley • Apr 14, 2020 • 52 Comments Part of the problem is cultural: big banks in the UK don’t like lending to small businesses, especially not at 1.5%.
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
Farm-Labor Crisis under COVID-19 Sends Countries Scrambling by Nick Corbishley • Apr 13, 2020 • 149 Comments Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.
Going to be Tougher for Lots of People to Even Get a Mortgage. Expensive Housing Markets Most Affected by Wolf Richter • Apr 12, 2020 • 205 Comments Availability of Jumbo Mortgages Plunges.
COVID-19 vs. the Economy: When is it Time to Reboot? by Wisdom Seeker • Apr 11, 2020 • 352 Comments What’s an Acceptable Risk Level? COVID-19 is already the leading cause of death in the US.
“Mortgage Forbearance” is Suddenly Hot, Hits Shadow Banks, which Clamor for Bailout from Taxpayers and the Fed by Wolf Richter • Apr 10, 2020 • 234 Comments “The mortgage market has more risk than previously acknowledged.”
QE-4 Cut in Half this Week. Fed’s Helicopter Money for Wall Street & the Wealthy Hits $1.8 Trillion in 4 Weeks by Wolf Richter • Apr 9, 2020 • 224 Comments Regular folks need not apply.
Week 3 of the Collapse of the US Labor Market by Wolf Richter • Apr 9, 2020 • 261 Comments Gut-wrenching. The hope is that most people will be rehired as the health crisis becomes more manageable and lockdowns are loosened.
Now in Lockdown, Mexico’s Economy Slides. Banks & Companies Clamor for Bailout. Government Refuses by Nick Corbishley • Apr 9, 2020 • 34 Comments All non-essential activities have been suspended for at least a month. But where are the bailouts?
Week 3: How Lockdowns Impact Housing & Mortgage Markets by Wolf Richter • Apr 8, 2020 • 149 Comments Expensive markets face a new reality: lenders get skittish about jumbo loans.
