Americans Are in a Sour Mood, But it Didn’t Dampen their Spending: Splurging at Retailers, Especially Some Retailers by Wolf Richter • May 17, 2022 • 191 Comments Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky.
That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2 by Wolf Richter • May 15, 2022 • 172 Comments In details and charts.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation by Wolf Richter • May 6, 2022 • 132 Comments Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Consumer Spending Shifts from Goods to Services, Inflation Crushes Incomes, But “Real” Spending Hits Record by Wolf Richter • Apr 29, 2022 • 84 Comments There is still a huge amount of money floating around out there.
GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation by Wolf Richter • Apr 28, 2022 • 173 Comments Inventories are slowly recovering, but remain below where they should be.
Retail Sales v. Raging Inflation, Stimulus Miracle March, and the Red-Hot Shift to Services by Wolf Richter • Apr 14, 2022 • 212 Comments It’s rough out there in multiple ways.
Homebuyer “Pessimism” Hits Bleak Record on Sky-High Prices, Spiking Mortgage Rates. Great Time to Sell, Though. Just Do It by Wolf Richter • Apr 7, 2022 • 204 Comments If it continues, “we expect to see an even greater cooling of the housing market than previously forecast”: Fannie Mae.
Mortgage Refinance Applications Are Collapsing. What’s the Impact on the Economy & Markets? by Wolf Richter • Apr 6, 2022 • 199 Comments Consumer spending and asset prices both were boosted by them.
My “Wealth Disparity Monitor” of the Fed’s Money-Printer Era: Holy Moly. April Update of the Greatest Economic Injustice in Recent History by Wolf Richter • Apr 3, 2022 • 322 Comments The wealthy got immensely wealthier. Everyone else paid for it via rampant inflation.