It was a “Monetary Revolution” whose price “doubled in four months,” he said. All I’d need to do was hype bitcoin on my website. That’s still how it works: buy and hype. But now the big highly leveraged players have jumped in with their global megaphones.
View moreVideos by Wolf Richter
The Stock Market Is Broken, Now for All to See
The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been.
View moreAmerican Debt Slaves in the Weirdest Economy Ever
During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? The opposite is happening.
View more“Creative Destruction” or Just “Destruction”?
Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”
View moreThe Big Boys Are Back: Financializing Single-Family Houses
As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level: Now it’s buy-to-rent, build-to-rent, sale-leasebacks, and buy-to-sell.
View moreWhat’s Behind the Fed’s Project to Send Free Money to People Directly
A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation as an alternative to QE and negative interest rates, which have failed.
View moreGreat Time to Turn a Nest Egg into Scrambled Eggs
It just looks so tempting.
View moreThis Tech-Stock Sell-Off Is a Sign Something Broke
SoftBank was only a cog in the huge machinery.
View moreSecond Wave of Layoffs is Here, Now Hitting Well-Paid Jobs
A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.
View moreSecond Wave of Layoffs is Here, Now Hitting Well-Paid Jobs
A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.
View moreThe Zombie Companies Are Coming
Easy money is a curse for capitalism.
View moreThe Zombie Companies Are Coming
Easy money is a curse for capitalism.
View moreThe Rich Got Richer in the Pandemic. Why?
Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?
View moreThe Rich Got Richer in the Pandemic. Why?
Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?
View moreNobody Knows How to Ever Get Out of This Mess
“Extend and Pretend” forevermore.
View moreNobody Knows How to Ever Get Out of This Mess
“Extend and Pretend” forevermore.
View moreAmerica Convulses in Pain, Fed Bails Out the Wealthy
What’s so insidious about the Fed’s bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.
View moreAmerica Convulses in Pain, Fed Bails Out the Wealthy
What’s so insidious about the Fed’s bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.
View moreWhat Unicorn Money-Sinkholes Actually Disrupted
Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
View moreWhat Unicorn Money-Sinkholes Actually Disrupted
Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
View moreNothing’s Fixed: What’s Behind the Corporate Debt Bailout
Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
View moreNothing’s Fixed: What’s Behind the Corporate Debt Bailout
Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…
View moreCoronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
View moreCoronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
View moreWhat Will the Coronavirus Do to the US & Chinese Economy?
Is this the black-swan event people have been predicting for years?
View moreWhat Will the Coronavirus Do to the US & Chinese Economy?
Is this the black-swan event people have been predicting for years?
View moreWhat’s Behind the Screwed-Up Student Loan Fiasco?
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
View moreWhat’s Behind the Screwed-Up Student Loan Fiasco?
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
View moreHousing Bubble 2 in San Francisco & Silicon Valley Lost its Mojo. Why?
Even as the Fed has flooded the market with $400 billion in four months, as stocks are at record highs, and as reality is being pooh-pooed as irrelevant. What’s different this time?
View moreHousing Bubble 2 in San Francisco & Silicon Valley Lost its Mojo. Why?
Even as the Fed has flooded the market with $400 billion in four months, as stocks are at record highs, and as reality is being pooh-pooed as irrelevant. What’s different this time?
View more