Having Dropped for Years, US Auto Sales Plunged to 1970s Level in 2020
More Covid road kill: auto sales.
Read more...Category Archives: Investment outlook
Hubert Horan: The Airline Industry Collapse Part 5 – The Battle to Protect Airline Investors From Economic Reality Enters a New Phase
Why the big airline operators’ talk about turning the corner in early 2021 is bunk.
Read more...The “Crew Change” Crisis: 300,000 Seafarers Trapped. Will International Trade Grind to a Halt?
Will governments, unions, international organizations, and ship-owners be able to collaborate to solve the growing “crew change” crisis?
Read more...Hubert Horan: The Airline Industry Collapse Part 3 – Recovery Expectations Were Always Dreadfully Wrong
Not only is the airline industry in desperate shape, but its executives have made its bad situation worse, increasing resolution costs for all bagholders.
Read more...Introducing *An Economic Program for American Democracy*
A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
Read more...Lots of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning
No, Case-Shiller is not yet a reflection of home prices during the Pandemic. Be patient.
Read more...Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.
Read more...8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...Public Pension Plans in a World of Hurt; Even Loyalists Warning of Grim Prospects
Not surprisingly, public pension fund economics look pretty sick.
Read more...Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
Tallying some of the recent shale production cuts.
Read more...US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed
Looking at the bloodbath in commercial real estate…..and worse is almost certainly in store.
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...