After Two Months of Jawboning and Media Hype that Triggered a Huge Rally, the Fed Finally Buys a Whopping $305 Million in Corporate Bonds by Wolf Richter • May 14, 2020 • 115 Comments What gave the Fed the “Authority” to do this? Enter the “13(3) facilities.”
A Word About the Current Chaos in Prices and Inflation by Wolf Richter • May 12, 2020 • 187 Comments Some prices collapsed, others skyrocketed, and the Consumer Price Index went haywire. Here’s what I’m seeing beyond the near term — and it’s not “deflation.”
“Pent-up Supply” is Building up in the Housing Market: Example of San Francisco Bay Area’s North Bay by Wolf Richter • May 11, 2020 • 113 Comments “The next big shoe to drop will be when appraisers call a declining market in early August.”
The State of the American Debt Slaves, Q1 2020: How Are Consumers Positioned Going into the Crisis? by Wolf Richter • May 9, 2020 • 265 Comments Student loans: stalling repayments & hoping for loan forgiveness.
Used-Vehicle Wholesale Volume Collapsed, Prices Drop: Mega-Pain for Automakers, Leasing Companies, Rental-Car Companies, Banks, Bondholders, Stockholders by Wolf Richter • Apr 24, 2020 • 205 Comments No one has ever seen a mess like this before.
Housing Market under COVID-19: Regular Folks Retreat, Foreign Investors Blocked, Large US Investors Gone, iBuyers Frozen by Wolf Richter • Apr 22, 2020 • 176 Comments Demand is a lot weaker in some places than in others. Here are the 20 cities with the largest drops.
How Far Will the U.S. Economy Plunge During Lockdown? by Wolf Richter • Apr 21, 2020 • 387 Comments “Three times deeper than the Great Recession?”
Holy WTF Moly: WTI May Contract Collapses to Negative -$37 by Wolf Richter • Apr 20, 2020 • 259 Comments Meanwhile this is a moment for historic reflection and head-shaking.
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
Going to be Tougher for Lots of People to Even Get a Mortgage. Expensive Housing Markets Most Affected by Wolf Richter • Apr 12, 2020 • 205 Comments Availability of Jumbo Mortgages Plunges.
