Average Age of Cars & Trucks on the Road Sets Record, Will Jump During Pandemic as New-Vehicle Sales Plunge to 1970s Level by Wolf Richter • Jul 31, 2020 • 269 Comments For automakers, this was a tough market before the Pandemic: decades of stagnation in unit sales, carved up by more competitors, with industry revenue growth by jacking up prices. Then came the Pandemic.
Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 30, 2020 • 213 Comments “Extend and Pretend” forevermore. Transcript of my podcast.
Fed’s Assets Fall by $16 Billion, -$220 Billion Since June 10: Week 7 of Balance Sheet Shrinkage by Wolf Richter • Jul 30, 2020 • 72 Comments Repos are gone. Dollar liquidity swaps dropped further. SPVs fell to lowest since June 17. MBS dropped by $37 billion. Treasuries rose.
No, GDP Didn’t Plunge “32.9%” in Q2, it Plunged a Still Terrible 9.5%: Time to Kill “Annual Rates” by Wolf Richter • Jul 30, 2020 • 123 Comments A perfect quarter to look at the absurdity of reporting “annual rates” in the headlines.
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA by Wolf Richter • Jul 29, 2020 • 52 Comments International air passenger volume still down 96.8%.
Don’t Try This at Home? 60%-80% of Retail Traders, Depending on Broker, Lost Money Trading Forex CFDs by Wolf Richter • Jul 28, 2020 • 67 Comments An even greater share of retail traders lost money with these highly leveraged derivative contracts during the Pandemic than before.
Coal Consumption Plunged to Lowest Since at Least 1973. Why There’s No Hope for Coal by Wolf Richter • Jul 28, 2020 • 149 Comments It comes down to costs and being bypassed by technological innovation, amid stagnating demand for electricity
Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit by Wolf Richter • Jul 27, 2020 • 105 Comments Those markets are already getting hit.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart by Wolf Richter • Jul 24, 2020 • 170 Comments There’s Just No Good Way Out.
