There’s a Boom in Distressed Debt Exchanges to Deal with Leveraged-Loan Defaults by Wolf Richter • May 13, 2024 • 0 Comments An alternative to a restructuring in bankruptcy court.
Funny How Wall Street Tries so Hard to Get Homeowners to Pay Interest & Fees on their Own Money by Wolf Richter • May 12, 2024 • 84 Comments Second-lien mortgages to the rescue of the battered mortgage industry.
Junk-Bond Issuance Nearly Doubles YTD, amid Feverish Demand in La-la-Land and Ultra-Loose Financial Conditions by Wolf Richter • May 10, 2024 • 94 Comments Companies, seeing Higher-for-Longer, take advantage of it to lock in historically narrow spreads and still low yields.
Vacation-Rental SPAC Vacasa Restructures. Shares -97% in 2.5 Years as Public Company by Wolf Richter • May 10, 2024 • 52 Comments Consensual Hallucination wiped out investors, but Wall Street got the fees.
Our Favorite Recession Indicator: Next Recession Keeps Moving Further Out by Wolf Richter • May 9, 2024 • 176 Comments It’s time again to look at the trends in claims for unemployment insurance benefits.
Ad-Tech Outfit DoubleVerify Plunges 40% Today, -62% from Peak, 3 Years after IPO. Nabs WOLF STREET Downgrade to “Should Have Never Bought” by Wolf Richter • May 8, 2024 • 78 Comments We have a special place in our heart for DoubleVerify because it blacklists WOLF STREET in the “brand safety” services it touts to advertisers.
Used Car Prices Continue Historic Plunge, Wholesale Prices Gave up 59% of Crazy Pandemic Spike by Wolf Richter • May 7, 2024 • 99 Comments Even during tax refund season! Exactly what Americans need. But it’s not helpful for big fleets, such as Hertz.
Buffett Invests in T-bills instead of Stocks, Waits for Bad Stuff to Happen, Cash is King at 5%-plus by Wolf Richter • May 6, 2024 • 216 Comments When the Oracle of Omaha gets dark-ish on stocks at these prices, he isn’t taken seriously, suddenly. It’s only when he hypes stocks that everyone jumps in behind him.
The Reasons the Fed’s Bowman is “Willing” to Hike Rates if “Data Indicate Progress on Inflation Has Stalled or Reversed” by Wolf Richter • May 5, 2024 • 103 Comments She nails it with her list of inflation-fueling factors. It parallels what Powell said more softly at the press conference.
The Inflation Surge, Effects of this Sudden Divergence between the Fed and other Central Banks, the Corporate & Government Debt Bubbles, Housing, and the New & Used Car Markets Now by Wolf Richter • May 4, 2024 • 57 Comments Wolf Richter on “This Week in Money.”
