Author: Wolf Richter

Airlines, Trying to Dodge Bankruptcy with Air Travel Still Down 70%, Threaten Oct. Jobs Massacre Unless they Get 2nd Bailout

Airlines, Trying to Dodge Bankruptcy with Air Travel Still Down 70%, Threaten Oct. Jobs Massacre Unless they Get 2nd Bailout “Unfortunately, we see few catalysts over the next six months to meaningfully change this trajectory”: Delta. By Wolf Richter for WOLF STREET. October...

“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken

“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken Why is everyone suddenly trying to sell their home? By Wolf Richter for WOLF STREET. We’re going to look at San Francisco’s housing market in two...

Jingle Mail for Malls: Even Biggest Landlords Walk from Malls as Stores Go Bankrupt, Refuse to Pay Rent, Mall Values Slashed Brutally. But those Shorting Mall CMBS Made a Killing

Jingle Mail for Malls: Even Biggest Landlords Walk from Malls as Stores Go Bankrupt, Refuse to Pay Rent, Mall Values Slashed Brutally. But those Shorting Mall CMBS Made a Killing Mall meltdown gets messier. But someone’s making money. Here’s how...

Haunting Photos of San Francisco’s Desolate Financial District During Morning “Rush Hour”: Visual Effects of Work-from-Home

Haunting Photos of San Francisco’s Desolate Financial District During Morning “Rush Hour”: Visual Effects of Work-from-Home I’m standing in the middle of the street to take this photo. Why? Because I can. By Wolf Richter for WOLF STREET. On Tuesday, August 8, during...

Shell’s Colossal Miscalculation in 2011 of Today’s LNG Price: Largest-Ever $12-$17-Billion “Floating Facility” Shut Down, Months After Shipping First LNG. Done in by Long Price Collapse

Shell’s Colossal Miscalculation in 2011 of Today’s LNG Price: Largest-Ever $12-$17-Billion “Floating Facility” Shut Down, Months After Shipping First LNG. Done in by Long Price Collapse Built to profit from sky-high LNG Prices in Japan. Sunk by surging US LNG...

The Fed’s Asset Purchases: Week 10 Since Peak-QE

The Fed’s Asset Purchases: Week 10 Since Peak-QE Crazy charts to document our crazy times. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet for the week ended August 19, released this afternoon, rose by $53 billion, to $7.01...

Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess

Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs. By Wolf Richter for WOLF...

Fired up by Stimulus Money & Debt Deferrals, Americans Went Shopping. But Where? How Life Changed During the Pandemic

Fired up by Stimulus Money & Debt Deferrals, Americans Went Shopping. But Where? How Life Changed During the Pandemic In 12 Whiplash-Inducing Charts. By Wolf Richter for WOLF STREET. Retail sales by category of retailer show how Americans have adjusted to the Pandemic...