Now on the Fed’s Table: Sell Bonds Outright to Push Up Long-Term Yields, Steepen the Yield Curve, and Get Rid of MBS by Wolf Richter • Feb 14, 2022 • 249 Comments “It could be a bumpy time”: Kansas City Fed President.
What I See Ahead for the Chip Shortage & Used Car Prices. Bond Market Reacts to Inflation. The Inflection Point for Real Estate by Wolf Richter • Feb 14, 2022 • 89 Comments A once-in-a-life-time mess, at least in my lifetime.
The Collapse of the EV SPACs: Retail Investors Got Fleeced Swiftly and Spectacularly by Wolf Richter • Feb 12, 2022 • 247 Comments Four stocks collapsed by over 90% from highs. Others not far behind. SPAC-hype-boom leaves trail of SEC & DOJ investigations and class-action lawsuits.
On-Time Rent Payments Sag amid Massive Spike in Rents by Wolf Richter • Feb 11, 2022 • 199 Comments I mean, who would have thought?
Mortgage Rates Hit 4.02%. Two-Year Yield Spikes by Most since 2009. Ten-Year Yield Goes over 2%. All Heck Breaks Loose by Wolf Richter • Feb 10, 2022 • 240 Comments Yields and rate-hike expectations spike. A rate hike now?
WHOOSH Goes the Dollar’s Purchasing Power in January as Inflation Now Infests Services by Wolf Richter • Feb 10, 2022 • 278 Comments Inflation is burning out of control, but the Fed is still pouring fuel on it. You can no longer just blame supply chains. This is far bigger.
It Only Took $11 Trillion in Free Money plus Forbearance & Eviction Bans to Perform this Miracle on Delinquencies, Foreclosures, Third-Party Collections, and Bankruptcies by Wolf Richter • Feb 9, 2022 • 234 Comments One more reason why the Fed isn’t “trapped.” And the banks came out ahead.
US Trade Deficit Exploded in 2021: The Price of 30 Years of Rampant Globalization by Wolf Richter • Feb 8, 2022 • 202 Comments The US still exports a lot of stuff — record amounts. But it drowns under a tsunami of imports. And the services surplus fizzled.
Used Vehicle Prices Finally Hit Resistance, at Ridiculous Levels by Wolf Richter • Feb 8, 2022 • 149 Comments We noted the softening beneath the surface in the prior two months. In January, we saw it creep to the surface. And there’s plenty of supply.
Americans Borrowed More to Buy Much Less: What Happened with Auto Loans Is Truly Amazing by Wolf Richter • Feb 7, 2022 • 192 Comments Undeterred by spiking prices and shortages.