Stocks Plunge (or Dip?), Traders Confused: This Wasn’t Supposed to Happen. Complacency Exacts its Toll by Wolf Richter • Feb 24, 2020 • 206 Comments The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
Is Private Equity Having its WeWork Moment? by Kuppy • Feb 18, 2020 • 72 Comments Funds have invested in PE due to its Madoff-like volatility profile. Ironically, they forgot that this led to a collapse.
“Speculative Energy in the Market is Incredibly out of Control” by Wolf Richter • Feb 14, 2020 • 216 Comments “It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.
Credit-Card Interest Rates Soar to Record High, Bond Yields Drop to Record Low: What Gives? by Wolf Richter • Feb 12, 2020 • 146 Comments My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times by Wolf Richter • Feb 11, 2020 • 156 Comments Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
WeWork Debris Hits Bystanders: Two More Real-Estate Mutual Funds “Gated,” This Time in Ireland. Fitch Warns of Contagion by Nick Corbishley • Feb 7, 2020 • 68 Comments “We regard liquidity mismatches as a major structural flaw.”
I’m in Awe of How Tesla is Now a Supernatural Phenomenon by Wolf Richter • Feb 4, 2020 • 193 Comments The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
What Happens When Investors Stop Fueling Cash-Burn Machines: At MoviePass Parent, Everything Goes to Zero by Wolf Richter • Jan 29, 2020 • 94 Comments 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.
Startup Unicorn Casper Sets IPO Price Range to Dish Out 36% Loss to Prior Investors by Wolf Richter • Jan 27, 2020 • 96 Comments 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.
The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares by Wolf Richter • Jan 22, 2020 • 114 Comments Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
