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.
#TheZooHasGoneNuts: Kodak — after its Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing by Wolf Richter • Jul 29, 2020 • 125 Comments Insiders front-run the announcement. Locust-swarms of Robinhood traders pile on top. Taxpayers brace themselves. Shaking my head while holding my nose.
Bailout of Trucking Company YRC, Near Bankruptcy Before Covid-19, Ripped by Congressional Watchdog by Wolf Richter • Jul 21, 2020 • 69 Comments It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
#TheZooHasGoneNuts: “Fraudulent” Press Release of Buyout Nearly Triples Stock of Soon-to-be-Bankrupt Oil & Gas Producer, Briefly by Wolf Richter • Jul 20, 2020 • 106 Comments Who the heck bought those shares? Robinhood traders? And who placed this press release and cashed in on it?
Recovery of Collapsed Air Passenger Traffic in the US Backtracks by Wolf Richter • Jul 20, 2020 • 104 Comments Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday.
“Pent-up Supply” Floods San Francisco Housing Market, Most Since Housing Bust by Wolf Richter • Jul 17, 2020 • 187 Comments Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
Work-from-Home & Covid Resurgence Maul Office Occupancy by Wolf Richter • Jul 15, 2020 • 132 Comments There is no recovery for office space. The number of people going to the office has declined over the past four weeks.
Delta’s Passenger Revenue -94%. How it Plans to Stay Alive till “Demand Returns.” Confirms United’s Warning About Newly Waning Demand by Wolf Richter • Jul 14, 2020 • 90 Comments Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable recovery”: CEO.
US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: CoreLogic, Owner of the Case-Shiller Index by Wolf Richter • Jul 7, 2020 • 176 Comments And this, after years of being unwaveringly bullish in its housing market predictions.
Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities by Wolf Richter • Jul 5, 2020 • 123 Comments CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.
