Huge Percentage Gains — “Robinhood Soars 25%,” “Coinbase Soars 35%.” But You Can Barely See it on the Stairway to Heck by Wolf Richter • May 13, 2022 • 104 Comments This is now a common phenomenon with these Imploded Stocks.
Signs of a Downshift in the Freight Cycle, Trucking, and Demand by Wolf Richter • May 12, 2022 • 56 Comments Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.
Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos? by Wolf Richter • May 11, 2022 • 349 Comments You’re just “unsecured creditors” if we file for bankruptcy. But hey, CEO tweets: “We have no risk of bankruptcy.”
Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck by Wolf Richter • May 11, 2022 • 139 Comments Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil by Wolf Richter • May 9, 2022 • 177 Comments Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset.
Massacre Just Doesn’t Let Up: Another IPO Stock Kathoomphed 43% Afterhours: -90% from High by Wolf Richter • May 9, 2022 • 86 Comments In October, Upstart was worth $35 billion, according to the collective idiocy of the hype-and-hoopla stock market. Now down to $3.6 billion.
Palantir, like Hundreds of Startups Designed to Lose Money and Bamboozle Investors, Runs out of Bamboozle: -84% from High by Wolf Richter • May 9, 2022 • 151 Comments Those that believed the hype and hoopla and didn’t get out in time got thackamuffled.
Holy-Moly Mortgage Rates Hit 5.64%, 10-Year Treasury Yield 3.12%, Long-Term Treasury Bond Fund Gets Massacred by Wolf Richter • May 7, 2022 • 306 Comments So the Fed Gets Ready to Walk Away from the Bond Market, and All Kinds of Stuff Happens.
State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation by Wolf Richter • May 6, 2022 • 132 Comments Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
