The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic by Wolf Richter • Jun 7, 2021 • 106 Comments China and the tax havens rule!
Global Steel Production: China Blows the Socks off the Rest of the World, US Production Plunges by Wolf Richter • Jun 3, 2021 • 193 Comments The annual steel report is out.
It Begins: The Fed Will Outright Sell its Corporate Bonds & ETFs by Wolf Richter • Jun 2, 2021 • 93 Comments Another market support gets pulled away and turned upside down.
SoftBank-Funded Silicon Valley Unicorn Katerra, which was to “Transform” the Construction Industry, Collapses by Wolf Richter • Jun 1, 2021 • 90 Comments Thousands of workers laid off. $2.2 billion up in smoke. 2nd SoftBank unicorn to collapse this year before getting to the IPO or SPAC window, after Greensill, which it helped take down.
Wolf Richter in Conversation with Saxo Bank’s Market Call by Wolf Richter • May 27, 2021 • 21 Comments The economy, financial markets, and inflation amid the distortions caused by fiscal and monetary responses to the pandemic.
Can Anything Knock Down the Stock Market? The Incredibly Shrinking Credit Card Debt; the New & Used Car Fiasco; and Can the Fed Crack Down on Inflation? by Wolf Richter • May 22, 2021 • 182 Comments Wolf Richter on “This Week in Money.”
Real Estate “Tech” Stocks Compass, Redfin, Zillow Come Unglued. SoftBank Miracle Unicorn “Better” to Go Public via SPAC as SPACs Dive by Wolf Richter • May 13, 2021 • 99 Comments How can a SoftBank-backed real-estate broker in a red-hot housing market lose $212 million in Q1? Compass Shows how.
Haunting Photos of San Francisco During Lockdown by Wolf Richter • May 1, 2021 • 155 Comments Dark humor, street art, gritty beauty, and misery in an ugly time.
Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories by Wolf Richter • Apr 29, 2021 • 132 Comments Even the Fed’s repressed inflation measure without food and energy rose 2.3% annual rate.
Imports, Trade Deficit in Goods Explode to Worst Ever, Powered by Stimmies and Decades of Rampant Offshoring by Wolf Richter • Apr 28, 2021 • 140 Comments Imports of consumer goods spiked by 38%. Imports are not a sign of economic strength, but are a drag on GDP.
