“It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.
My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
“We regard liquidity mismatches as a major structural flaw.”
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.
Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
Having become a master of financial engineering instead of aircraft engineering. UPDATED with the announcement on Jan 21 that “ungrounding” of the 737 MAX will be further delayed.
My patience has been exhausted.