After Huge Spike in Prior Month, “Real” Spending by Americans Dips to Second Highest Ever. But Income Walloped by Inflation by Wolf Richter • Mar 31, 2022 • 172 Comments Spending shifts slowly back to services. But spending on goods still massively above trend, despite supply shortages.
Americans Spent Money Like Drunken Sailors, But Did They Outspend the Raging Inflation in Durable & Nondurable Goods? Um, No by Wolf Richter • Feb 16, 2022 • 165 Comments Two elephants in retail: A historic spike in prices of goods and seasonal adjustments as the Pandemic upended seasonality.
On-Time Rent Payments Sag amid Massive Spike in Rents by Wolf Richter • Feb 11, 2022 • 199 Comments I mean, who would have thought?
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.
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.
WHOOSH Goes the Fed’s Lowest Lowball Inflation Measure. And Eats Up All Income Gains Plus Some by Wolf Richter • Jan 28, 2022 • 308 Comments Powell should pay attention here so he’s better prepared at the next press conference when asked about the impact of inflation on regular Americans.
Year of Distortions, Shortages, Massive Inflation, Worst Trade Deficits Ever, and Hyper-Stimulated Growth Ends with a Bang by Wolf Richter • Jan 27, 2022 • 150 Comments But companies were finally able to rebuild some woefully low inventories.
Oh My, the American Consumer amid the Distortions and Price Spikes of Our Time by Wolf Richter • Jan 14, 2022 • 131 Comments “Not seasonally adjusted” retail sales spiked to a record. “Seasonally adjusted” retail sales fell. Both: +16.9% from year ago. What the heck is going on?
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update by Wolf Richter • Dec 27, 2021 • 281 Comments Billionaires got more billions, bottom half of Americans got peanuts and inflation.