Ecommerce Spikes by Most Ever. Brick & Mortar Melts Down. Department Stores are Toast by Wolf Richter • Feb 20, 2020 • 183 Comments What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
Median CPI Runs Hot, Fed Averts Eyes by Wolf Richter • Feb 13, 2020 • 86 Comments Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.
Credit-Card Interest Rates Soar to Record High, Bond Yields Drop to Record Low: What Gives? by Wolf Richter • Feb 12, 2020 • 146 Comments My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good.
Who Stole Americans’ Personal Data in Equifax Hack? China’s Military & How They Did it: US DOJ in 9-Count Indictment by Wolf Richter • Feb 10, 2020 • 128 Comments Department of Justice charges four members of China’s PLA. “We have the capability to remove the Internet’s cloak of anonymity.” But how far will it go?
HELOC Balances Plunge to 15-Year Low. What’s Going on Here? by Wolf Richter • Feb 9, 2020 • 136 Comments Banks are trying, but demand just isn’t there.
The State of the American Debt Slaves, Q4 2019 by Wolf Richter • Feb 7, 2020 • 223 Comments Consumer credit rose to 19.3% of GDP, the highest ever.
“In Aggregate,” Consumers Are Doing Pretty Good, But America’s Vast Income Disparity Skew the Data by Wolf Richter • Jan 31, 2020 • 101 Comments Consumers that added $1.3 trillion to their savings last year are not the ones who owe $1 trillion on their credit cards.
US GDP Rose by $850 Billion in 2019 as US National Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108% by Wolf Richter • Jan 30, 2020 • 133 Comments Dream of 3% economic growth remained a dream despite surge in government borrowing and spending.
THE WOLF STREET REPORT: What’s Behind the Screwed-Up Student Loan Fiasco? by Wolf Richter • Jan 26, 2020 • 225 Comments Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
College Enrollment Skids for 8th Year in a Row in 2019, But Student Loans Skyrocket. What Gives? by Wolf Richter • Dec 16, 2019 • 225 Comments The stunning decline of men in the student headcount.