Author: Wolf Richter

Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts

Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts Here are the details on its purchases and holdings in July. By Wolf Richter for WOLF STREET. The Fed disclosed...

Number of People on State or Federal Unemployment Insurance Jumps to 32.1 Million, Second Highest Ever: Week 20 of U.S. Labor Market Collapse

Number of People on State or Federal Unemployment Insurance Jumps to 32.1 Million, Second Highest Ever: Week 20 of U.S. Labor Market Collapse by Wolf Richter for Wolf Street Some people returned to work, but 1.64 million newly-out-of-work people filed for...

Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases

Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time. By Wolf Richter for WOLF STREET. Rental markets...

Nobody Knows How to Ever Get Out of This Mess

Nobody Knows How to Ever Get Out of This Mess “Extend and Pretend” forevermore. By Wolf Richter. Until a few months ago, most Americans didn’t even know what “forbearance” was. Now, roughly four million home mortgages, or about 8% of all home...

#TheZooHasGoneNuts: Kodak — after Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing

#TheZooHasGoneNuts: Kodak — after Crypto-Scheme in 2018 Caused Shares to Surge 300% Before Recrashing — Gets Trump-Pump Worth 2,190% Before Recrashing Insiders front-run the announcement. Locust-swarms of Robinhood traders pile on top. Taxpayers brace themselves. Shaking my head while holding...