Holding Gold & Silver is Holding Wealth
Coal Consumption Plunged to Lowest Since at Least 1973. Why There’s No Hope for Coal by Wolf Richter for Wolf Street It comes down to costs and being bypassed by technological innovation, amid stagnating demand for electricity: Arrival of “combined...
Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit Those markets are already getting hit. By Wolf Richter for WOLF STREET: Alphabet, the parent company of Google, which...
Coca-Cola Confronted by Big Problem in its Second Largest Market. For Once, Political Connections Failed. Oct 1 is the Date Per-person consumption of soft drinks in Mexico is the highest in the world. But due to link of obesity to...
Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart There’s Just No Good Way Out. The only thing that is surprising is how long these retailers and malls, which have been spiraling down for...
Media Continues to Misreport Unemployment: 31.8 Million People on State & Federal Unemployment Insurance. Week 18 of U.S. Labor Market Collapse I get tired of reporters or bots who don’t read beyond the 2nd paragraph of Labor Department press releases....
Home Sales Down -11% from Year Ago, Condos -23%, but Bounce off Lockdown-Lows More signs of a move from the cities to the suburbs? Supply of houses is tight; condos are piling up. By Wolf Richter for WOLF STREET. Sales of existing homes...
“Demand to Remain Suppressed” till Vaccine/Treatment Widely Available: United Airlines. May Not Happen till Late 2021 “or Even Later”: Health Care Leaders Flattened-out fish-hook-shaped recovery of demand? By Wolf Richter for WOLF STREET. Passenger revenues collapsed by 94% to just $681 million, United...
Recovery of Collapsed Air Passenger Traffic in the US Backtracks Confirming early warnings by United and Delta of re-declining ticket sales. V-Recovery has to wait in line. Airline shares down 3.7% intraday. By Wolf Richter for WOLF STREET. TSA checkpoint screenings, which track...
“Giant 5 Index” – AAPL, MSFT, AMZN, GOOG, FB – Sagged All Week, Rest of Market Rose, Still 2.5-Year Wild Ride to Nowhere by Wolf Richter for Wolf Street And the FANGMAN shivered as Netflix got knocked down. A reversal of...
“Pent-up Supply” Floods San Francisco Housing Market, Most Since Housing Bust Sellers are suddenly coming out of the woodwork. Housing market is having a moment. By Wolf Richter for WOLF STREET. There is a lot of discussion about the low levels of inventory...
32 Million People on State & Federal Unemployment, 2nd Highest Ever: Week 17 of U.S. Labor Market Collapse Torrent of 2.4 million new claims under state & federal programs this week. PUA claims by gig workers now 45% of 32...
Delta’s Passenger Revenue -94%. How it Plans to Stay Alive till “Demand Returns.” Confirms United’s Warning About Newly Waning Demand Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable...
It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace And this is just for April, the very beginning of the Pandemic’s impact on housing. By Wolf Richter for WOLF STREET. OK, it’s actually worse. Mortgages that are in forbearance and have not missed...
Moving the Iron amid Sagging Demand: Tesla Cuts Price of Model Y, after Cutting Prices of Model 3, S & X, as Other Automakers Offer Record Incentives. The time for deals on new vehicles has arrived. By Wolf Richter for WOLF STREET. Tesla...