Fed’s Balance Sheet Spikes as “Everything Bubble” Morphs into Financial Crisis 2 by Wolf Richter • Mar 20, 2020 • 188 Comments Drags out bailout creature from Financial Crisis 1: “Loans” to Primary Dealers.
“Wall Street Biggest Banks Shamelessly Try to Use Coronavirus to Get Federal Reserve to Weaken Rules”: Better Markets by Wolf Richter • Mar 2, 2020 • 134 Comments At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Four Banks & Three Tech Companies Blow $56 Billion in Q3 to Prop up Their Own Shares by Wolf Richter • Dec 18, 2019 • 124 Comments The Biggest Share-Buyback Queens: When Will They Run Out of Juice?
Brick & Mortar Rent Meltdown, Manhattan Style by Wolf Richter • Nov 27, 2019 • 120 Comments Asking rents for ground-floor retail space have plunged as landlords struggle with vacancies.
After Years of Threats, Schwab Joins Exodus, to Move Headquarters from San Francisco to Texas by Wolf Richter • Nov 25, 2019 • 195 Comments It has been shrinking its way out of the City for years. And it’s not the first major company to make the move.
What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter • Nov 6, 2019 • 60 Comments Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
Leveraged-Loan Downgrades Spike, Collateralized Loan Obligations Get Cold Feet, Selloff in B-Rated Loans Ensues by Wolf Richter • Nov 4, 2019 • 61 Comments “Sell first, ask questions later.”
Fuel for the Next Mortgage Bust? by Wolf Richter • Aug 14, 2019 • 66 Comments Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.
What Would Stocks Do in “a World Without Buybacks,” Goldman Asks by Wolf Richter • Apr 8, 2019 • 104 Comments Companies buying back their own shares has “consistently been the largest source of US equity demand.” Without them, “demand for shares would fall dramatically.” Too painful to even imagine.
Tesla’s Mess at the Top: Moody’s Gets Nervous by Wolf Richter • Mar 15, 2019 • 91 Comments Decision-Making Chaos and Epic Strategy Flip-Flops.