Holding Gold & Silver is Holding Wealth
Vast Euro-Derivatives Market, Centered in London, Is Set to Fragment as End of Brexit Transition & Uncertainties Loom It shouldn’t “create risks to the stability of the financial system,” which is soothing to know. By Nick Corbishley, for WOLF STREET: About 43%...
This Spike of New Businesses is a Doozie, on Several Levels People are massively striking out on their own. But new businesses with planned wages have been getting scarcer since 2007. By Wolf Richter for WOLF STREET. Early on in the Pandemic, as...
The State of the American Consumer: Free Pandemic-Money Runs Low Stimulus & extra UI dried up. But 16% of “proprietors’ income” in October was PPP money & Pandemic farm aid. By Wolf Richter for WOLF STREET. Consumers are running low on artificial steam...
California Legal Cannabis Sales Exploded. And California is Cashing In On Fumes of Stimulus and to Soothe the Frustration. By Wolf Richter for WOLF STREET. Cannabis tax revenues in Q3 collected by the State of California soared by a record 80% year-over-year, and...
“Monetizing Privacy”: The Fed Fans Out, Touting the “Digital Dollar.” This Time, How Consumers Would Benefit by Wolf Richter for Wolf Street But the problemita of pulling the rug out from under the entire banking system still needs to be addressed....
Taxpayers Face $435 Billion in Student-Loan Losses, Already Baked in: Leaked Education-Department Study Most of the losses come from established income-based repayment programs that include debt forgiveness at the end. No one has ever put a number to it until...
The Mnuchin-Powell Affair over the Fed’s “Special Purpose Vehicles” in Dollars & Effects Why do bondholders and leveraged speculators have to be enriched, instead of providing fiscal relief to the unemployed and small businesses? That’s the question. By Wolf Richter for WOLF STREET....
Here Are the 12 Financial-Market Metrics Mnuchin Listed as Reasons for Letting the Fed’s Bondholder-Bailout SPVs Expire on Dec 31 Jawboning alone whipped the markets into froth. So maybe enough is enough, and let taxpayers have their money back as...
Who Bought the Monstrous $4.2 Trillion Added to the Incredibly Spiking US National Debt in 12 Months? Everyone but China An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But...
No Payment, No Problem: In Rosy World of Forbearance, Official Delinquencies Plunge, Credit Scores of Delinquent Borrowers Jump Credit-score algos got fooled by forbearance. Weirdest economy ever where no one knows what’s going on anymore. By Wolf Richter for WOLF STREET. So what...
Stimulus Fatigue? Retail Sales Wane at Many Brick & Mortar Stores. Department Stores Progress to Zombiehood. But Online Sales Surge to Record My 13 whiplash-charts by retailer category. By Wolf Richter for WOLF STREET. First signs of exhaustion after a blistering Pandemic-inspired weirdest-economy-ever...
How the Pandemic Scrambled Long-Term Driving Patterns: Americans Already Drove Less, Hidden by Population Growth Bounce back to what? The Pandemic Scrambled Long-Term Trends in both directions. By Wolf Richter for WOLF STREET. Total miles driven in September on all roads and streets...
Volkswagen to Throw $86 Billion at EVs over 5 Years. GM, Ford, Others Plow Mega-Bucks into Shift to EVs. Tesla Instigated It Commercial trucks and vans too, including at Volkswagen’s Traton, one of the largest truck makers in the world,...
Southwest and Delta Douse Hopes for Recovery in Q4. TSA Checkpoint Screenings Already Agree The curious effect of the election and now possibly the surge in virus infections. By Wolf Richter for WOLF STREET. This morning, Southwest Airlines reported operational data for October...
