Whats

What’s really going on with revolving consumer credit?

Beyond some of the dodgy stuff in the headlines today. By Wolf Richter for WOLF STREET. Revolving credit balances in April, unadjusted for seasonality — so actual dollar balances — were $1.04 trillion, according to the Federal Reserve this afternoon. This includes credit card balances, personal loans, etc., and was up just 2.6% from April …

What’s really going on with revolving consumer credit? Read More »

Coronavirus FAQ: I have contracted COVID. Then I had it again. What’s wrong with reinfection?

A positive result from a COVID home test. If you catch it once, can you catch it again? It turns out the answer is: Yes. Jakub Porzycki/NurPhoto via Getty Images hide caption toggle caption Jakub Porzycki/NurPhoto via Getty Images A positive result from a COVID home test. If you catch it once, can you catch …

Coronavirus FAQ: I have contracted COVID. Then I had it again. What’s wrong with reinfection? Read More »

Crypto's Barren Wasteland: A Look at What's Left of Terra's Defi and Token Ruins

Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins

Following the fallout from the Terra blockchain and the big UST de-anchor event, the Terra network ecosystem is now a wasteland of nearly worthless tokens and protocols. While UST and LUNA were the top ten contenders for crypto market capitalization, Terra’s decentralized finance (defi) presence was second only to Ethereum in terms of total value …

Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins Read More »