“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.
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.
How Lockdowns Hit U.S. New & Used Vehicle Sales: Beyond Ugly by Wolf Richter • Apr 8, 2020 • 218 Comments When the unemployment crisis exploded onto the scene three weeks ago, sales totally collapsed. What’s in store for the industry?
Another U.S. IPO of a Chinese Company Goes Bust in 11 Months by Wolf Richter • Apr 7, 2020 • 127 Comments Trading of Luckin shares now halted. Wall Street banks, which get big-fat fees, are all too happy to sell this stuff to the American public.
New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks by Wolf Richter • Apr 6, 2020 • 188 Comments “Suppressing” bank balance-sheet data in a banking crisis to prevent the biggies from yanking their billions out of a weakened bank.
Trucking Skids Off the Road Entirely by Wolf Richter • Apr 3, 2020 • 81 Comments “Only good news is that the number was still positive despite the high number of cancellations.”
$1.5 Trillion Helicopter Money for Wall Street in 3 Weeks of Fed Bailouts by Wolf Richter • Apr 2, 2020 • 216 Comments Loading up on Treasury securities, mortgage-backed securities, repos, “central bank liquidity swaps,” and “loans” to keep the Everything Bubble from imploding further.
Week Two of the Collapse of the Labor Market by Wolf Richter • Apr 2, 2020 • 248 Comments This type of sudden, previously unimaginable fall-off-the-cliff data about the lockdown-economy is gut-wrenching.
