Holding Gold & Silver is Holding Wealth
Holy-Cow Spikes in China-US Container Freight Rates & US Consumer Spending on Goods Trigger Mad, Possibly Illegal Scramble for Empties. US Farmers Twist in the Wind US Federal Maritime Commission investigates container carriers’ “abandonment” of American agricultural industry. Weirdest Economy...
Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises? You guessed it: For over half of it, taxpayers are on the hook. Time to take a look. By Wolf Richter for WOLF STREET....
Biggest Share Buyback Queens in Q3: Tech and Buffett. The Banks Are Gone. But Share Buybacks Plunged 42% YoY TDC Note – We have pointed out for several years the dangers of corporate stock buy-backs. Now, when the corporations most...
Where Americans Splurged & Where They Cut Back in 13 Whiplash-Charts Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely. By Wolf Richter for WOLF STREET. Retail sales in...
Congress to Pass $17 Billion Bailout of Airline Shareholders & Bondholders, to Top Off Prior Bailout. Industry Applauds, Airline Stocks Jump Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11...
Tesla, Quadruple-WTF Chart of the Year: It Should Just Sell Shares on Autopilot at Huge Prices and Exit Sordid Business of Making Cars Global market share of 1%. But market cap equals combined total of Toyota, Volkswagen (VW, Audi, Porsche,...
Record IPO & SPAC Bubble Fattened by Ridiculous DoorDash IPO. Airbnb Next Startup investors making hay while the sun shines. Public in blindly exuberant feeding frenzy. But the IPO ETF is down 3.0% today, on too much hot air? By Wolf...
How Many Renters Face Eviction when the Eviction Bans End? How Much Worse is it, Compared to the Good Times? Rent collection data from 11.5 million rental apartments. By Wolf Richter for WOLF STREET. About 44 million households (107 million people) rent their...
Manhattan Luxury Condos See Demand, But at Much Lower Prices with Big Losses for Sellers Seller lost $12 million, or 35%, on a condo at One57, on Billionaires Row, adding to the list of big money losers in the condo...
US Air Passenger Traffic Skids Again, Delta & American Warn of Declining Bookings L-Shaped Recovery for Air Lines. Staking their future on a vaccine. By Wolf Richter for WOLF STREET. American Airlines on Friday, and Delta Air Lines on Thursday, warned about once-again...
The Jobs Report is a Mess, December Will Be Messier The cut-off date (Nov. 14) kept much of the hit from the Covid spike out of the data. Then there are the long-term hits to the American job market, such...
For Stocks & Bonds, Upside Surprise of Inflation and Interest Rates “Could Prove Nasty”: Dudley Five reasons to “worry about faster inflation.” It’s “a greater danger precisely because it’s no longer perceived as such.” By Wolf Richter for WOLF STREET. “Given how completely...
The State of the American Office: Suddenly Emptying Out Again Under the Second Wave Office occupancy plunged by the most in Dallas. In San Francisco, where it had already been rock-bottom, it dipped into the single digits. By Wolf Richter for WOLF STREET....
Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive the Exodus Has Been Then there’s the “single-asset” commercial mortgage-backed security (CMBS) backed only by the mortgage of this tower. By Wolf Richter for WOLF STREET....
