Holding Gold & Silver is Holding Wealth
It Gets Surprisingly Ugly: US Freight Shipments Plunge 9.4%, Steepest since 2009 But the coronavirus impact has not been felt yet; that will come later. By Wolf Richter for WOLF STREET. Shipment volume in the US by truck, rail, air, and barge plunged...
HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong These days, markets forgive and forget anything except the suspension of share buybacks....
It Starts: Apple Throws Revenue Guidance Out the Window, on Supply Chain Woes & Sales Collapse in China This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China. By Wolf Richter for WOLF...
Coronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots Video by Wolf Street It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second...
Ex-CEO of Pemex Arrested for “Looting Mexico” Now attention is switching to former President of Mexico Peña Nieto. By Nick Corbishley, for WOLF STREET: Emilio Lozoya, former CEO of state oil company Pemex who went on the run last May after being...
Credit-Card Interest Rates Soar to Record High, Bond Yields Drop to Record Low: What Gives? My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good. By Wolf Richter for WOLF STREET. The average yield...
OK, it Gets Sticky: Job Openings Plunge the Most Since the Great Recession Down 15% from a year ago. Employment lags job openings by a few months. It hit the usual suspects but also the services industries, including finance &...
Who Stole Americans’ Personal Data in Equifax Hack? China’s Military & How They Did it: US DOJ in 9-Count Indictment Department of Justice indicts four members of China’s PLA. “We have the capability to remove the Internet’s cloak of anonymity.”...
HELOC Balances Plunge to 15-Year Low. What’s Going on Here? Banks are trying, but demand just isn’t there. By Wolf Richter for WOLF STREET. At the end of January, outstanding balances of homeowner lines of credit (HELOC) at all commercial banks in the...
The State of the American Debt Slaves, Q4 2019 Consumer credit rose to 19.3% of GDP, the highest ever. By Wolf Richter for WOLF STREET. Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but...
Ford Better Figure Out How to Sell Vehicles, And I Mean Globally & Pronto, Before it’s Too Late Ever since it got sidetracked by its “Smart Mobility” dream and blew billions on it, sales in its biggest markets have spiraled...
What Will the Coronavirus Do to the US & Chinese Economy? Is this the black-swan event people have been predicting for years? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The numbers are...
I’m in Awe of How Tesla is Now a Supernatural Phenomenon TDC Note – Short tesla much? #### The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10...
After Coronavirus Measures, China’s Crude Oil Demand Plunges 20%: Industry Sources TDC Note – For all the latest updates on coronavirus bookmark or click here – Coronavirus #### “Probably the largest demand shock the oil market has suffered since the...
