Fired up by Stimulus Money & Debt Deferrals, Americans Went Shopping. But Where? How Life Changed During the Pandemic by Wolf Richter • Aug 14, 2020 • 195 Comments In 12 Whiplash-Inducing Charts.
Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants, After Simultaneous Supply & Demand Shocks by Wolf Richter • Aug 12, 2020 • 186 Comments “We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power.
The State of the American Debt-Slaves Q2 2020: The Credit Card Phenomenon by Wolf Richter • Aug 9, 2020 • 136 Comments Consumer debt to GDP spikes, but why did credit card balances plunge and new delinquencies decline?
No Payment, No Problem: Bizarre New World of Consumer Debt by Wolf Richter • Aug 7, 2020 • 255 Comments All kinds of weird records are being broken. But it’s scheduled to expire, and then what?
Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 30, 2020 • 213 Comments “Extend and Pretend” forevermore. Transcript of my podcast.
No, GDP Didn’t Plunge “32.9%” in Q2, it Plunged a Still Terrible 9.5%: Time to Kill “Annual Rates” by Wolf Richter • Jul 30, 2020 • 123 Comments A perfect quarter to look at the absurdity of reporting “annual rates” in the headlines.
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time? by Nick Corbishley • Jul 12, 2020 • 217 Comments Europe may be about to find out. 128 days with my Mother-in-Law.
A Federal-Money-from-the-Sky Story by Wolf Richter • Jun 26, 2020 • 151 Comments Household Income Drops from Historic Spike, Spending Bounces off Historic Plunge But Remains Low. Income from wages & salaries remains crushed.
College Enrollment in the Spring Fell for 9th Year in a Row, and Now Comes Covid by Wolf Richter • May 27, 2020 • 132 Comments Already troubled asset classes, such as student housing and student housing CMBS, face turmoil.
During the Last Financial Crisis, Even Ecommerce Sales Plunged. Not This Time by Wolf Richter • May 19, 2020 • 64 Comments Ecommerce Spikes to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74%