Holding Gold & Silver is Holding Wealth
Fed Assets Eke Out New High for First Time Since June 10. Repos, Dollar Liquidity Swaps, SPVs Mothballed Only Treasury securities and mortgage-backed securities (MBS) are still active. By Wolf Richter for WOLF STREET. The Fed has now reduced to zero or to...
Down-to-Earth View of the “Recovery” in Near-Real Time, Eight Months into the Pandemic As seen by indicators that have sprung up as a result of the Pandemic. By Wolf Richter for WOLF STREET. The US economy has turned into the weirdest concoction ever....
Synchrony Financial Disclosed Radical Work-from-Home Plan, Layoffs, and “Office Footprint” Reduction Landlords and their lenders who’re still thinking work-from-home is just a blip will undergo a reckoning in due time. By Wolf Richter for WOLF STREET. Synchrony Financial, GE’s consumer financial services spinoff...
Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet. By Nick Corbishley, for WOLF...
Stimulus & Debt-Deferral Economy: Americans Splurged. Huge Price Increases Boosted Auto Sales. Liquidation Sales Pumped up Department Stores Depicted by my 13 whiplash-charts. By Wolf Richter for WOLF STREET. Total retail sales – sales of goods in stores and online, but not including...
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go The American Oil Boom Was Where Money Went to Die. By Wolf Richter for WOLF STREET. The amount of secured and unsecured debts, such as loans and...
Crazy Times Not Only for Consumers Trying to Buy a Used Car but also for Dealers Grappling with the Distortions Retail prices of used cars & trucks spiked most since 1969 despite lower sales and plenty of supply. Wholesale prices,...
Two San Francisco Hiltons Add to Woes of Commercial Mortgage-Backed Securities. Special Servicing Rate of Hotel CMBS Spiked to 26% Four of the six hotels that hotel-REIT Park Hotels & Resorts owns in San Francisco are still closed as convention...
Status of the Social Security Trust Fund, Fiscal 2020: Beware of Vicious Dog Will Social Security Be There for You? Yes, but… By Wolf Richter for WOLF STREET. The Social Security Trust Fund – officially the Old-Age and Survivors Insurance (OASI) Trust Fund...
Astounding Distortions & Historic Price Spikes in Used Vehicle Market Begin to Unwind This stimulus economy is producing the weirdest effects. By Wolf Richter for WOLF STREET. This has been an amazing sight: The used vehicle auction market’s descent into the deep-freeze during...
Now Everything Depends on US Stimulus, from Billionaires to China’s Manufacturers, as US National Debt Blows Out But consumers again paid down their credit cards; let’s be honest, that’s abuse of stimulus. By Wolf Richter for WOLF STREET. Who would have thought a...
Twisted Bailout Economy: Chapter 11 Bankruptcies Surged, But Commercial Chapter 13 Bankruptcies Plunged. 420,000 Small Businesses Closed Quietly, Highest Rate Ever Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t. By Wolf Richter for WOLF...
Cinema Chains Near Collapse: The Problem Beyond the Pandemic TDC Note – Wuhan bat-flu stew coronavirus did not kill any movie theater chain. Hollywood stopped producing a quality product decades ago, prices are too high and the options to fill...
Wolf Richter on “Coffee with Lynette,” Discussing Business, Finance, Money (well, the Fed’s Digital Dollar), and the “Reset” from Wolf Street But before we get into the “Reset,” real estate, what the Fed’s digital dollar might mean, and other things,...
