A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess by Nick Corbishley • Apr 1, 2020 • 57 Comments Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions by Nick Corbishley • Mar 30, 2020 • 69 Comments “We are temporarily a company with no product and no revenue.”
How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions by Wolf Richter • Mar 30, 2020 • 124 Comments Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
Corruption in the Time of Coronavirus by Karen Parker Feld • Mar 29, 2020 • 279 Comments Now even the fig leaf is gone.
“Not All Airlines Will Go Bankrupt”: How Will Coronavirus Travel-Bans Impact Airbus, Suppliers, and Airlines? by MC01 • Mar 29, 2020 • 130 Comments All eyes are on China to see how air transport will change in the aftermath of the crisis.
CoronaWar Battlegrounds: New York Leads in Growth, Minnesota Bends it Best. California Hot Spots v. Italy & South Korea. Pain in Spain by Wisdom Seeker • Mar 28, 2020 • 215 Comments Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
The Downgrade Massacre Has Started by Wolf Richter • Mar 27, 2020 • 188 Comments Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit over the past couple of days.
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19 by Nick Corbishley • Mar 27, 2020 • 98 Comments Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Helicopter Money for Wall Street by Wolf Richter • Mar 26, 2020 • 274 Comments Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.
A Word About the Horrid Spike in Unemployment Claims and Why it’s Even More Horrid Than it Appears by Wolf Richter • Mar 26, 2020 • 274 Comments No one has ever seen anything like this.
