Wolf Street

Wolf Street

Main menu

Skip to content
  • Home
  • Wolf Richter
  • Federal Reserve
  • Housing Bubble 2
  • How to Donate?
  • Commenting
  • Contact Us

Sub menu

Our Brilliant Categories

WOLF STREET REPORT

Imploded Stocks
Brick & Mortar
California Daydreamin’
Cars & Trucks
Commercial Property
Companies & Markets
Consumers
Credit Bubble
Energy
Europe’s Dilemmas
Federal Reserve
Housing Bubble 2
Inflation & Devaluation
Jobs
Trade
Transportation
 

 

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

by Wolf Richter • May 26, 2022 • 22 Comments

I see gasoline prices rising further despite this modest short-term & long-term demand destruction.

If Buffett Still Owns Snowflake Tonight, His Gain of $1.9 Billion at the High is Now a Loss of $37 Million

by Wolf Richter • May 25, 2022 • 63 Comments

Snowflake reported earnings again, which these IPO companies should be prohibited from doing because it just kills the stock.

US Natural Gas Futures Spiked to Highest since 2008, Tripled in a Year: Why We Kissed that Dirt-Cheap Natural Gas Goodbye

by Wolf Richter • May 25, 2022 • 114 Comments

The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.

Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k

by Wolf Richter • May 24, 2022 • 325 Comments

Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.

Snap Walks Back Already Lowered Guidance from Month Ago, Shares -30% Afterhours, -81% from High, Below IPO Price

by Wolf Richter • May 23, 2022 • 110 Comments

“The macroeconomic environment has deteriorated further and faster than anticipated.” Kathoomph. And Zoom gives up most of its knee-jerk mini-jump afterhours.

Average Age of Cars & Trucks in Operation Rises to Record, as New Vehicle Sales & Miles Driven Plunged

by Wolf Richter • May 23, 2022 • 77 Comments

Scrappage rate dropped to lowest in two decades, as used vehicle prices spiked the most ever.

Economical Cars, Hybrids, Small SUVs Suddenly Hot, Inventories Depleted. But Supply of Trucks & Full-Size SUVs Rises

by Wolf Richter • May 22, 2022 • 147 Comments

Funny how that works when gasoline prices spike.

That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365

by Wolf Richter • May 21, 2022 • 134 Comments

Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.

Inflation Comes to Japan, amid Plunging Yen, Inflation Subsidies. Bank of Japan Blows it Off as “Transitory,” Throws Yen under Bus

by Wolf Richter • May 20, 2022 • 140 Comments

The Japanese people are not amused.

Who Bought the Incredibly Spiking US Government Debt, Now $30.4 Trillion in Treasury Securities?

by Wolf Richter • May 19, 2022 • 138 Comments

A red-hot question in our iffy times.

As Supply Rises & Mortgage Rates Spike, US Home Sales Fall to Lowest since June 2020, Plunge in California’s Coastal Metros

by Wolf Richter • May 19, 2022 • 114 Comments

Sales at the Top are strong. Bottom falls out in rest of market. “Rising interest rates and higher home prices depressed housing demand.”

Bad Breath of Inflation Sinks Target, Walmart, Other Retailers on Surging Costs of Products, Labor, and Transportation

by Wolf Richter • May 18, 2022 • 121 Comments

Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.

Housing Bubble Getting Ready to Pop: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices

by Wolf Richter • May 18, 2022 • 263 Comments

“Recent stock market volatility” catches some of the blame.

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.

Gasoline Spikes to Record $4.49, Just in Time for Summer Driving Season. Crude Oil Jumps. Not going to Help CPI in May

by Wolf Richter • May 16, 2022 • 194 Comments

Make that $6.55 for regular at my San Francisco gas station from heck.

My List of 23 Major US Office Markets, by Vacancy Rates Ranging from Abysmal to Just Terrible

by Wolf Richter • May 16, 2022 • 111 Comments

Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.

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.

Housing Bubble Getting Ready to Pop, Used Cars Already Popped, and Inflation Goes Global

by Wolf Richter • May 15, 2022 • 268 Comments

Wolf Richter with Kerry Lutz on the Financial Survival Network.

Massive Stock Market Leverage Unwinds amid Brutal Bloodletting

by Wolf Richter • May 13, 2022 • 271 Comments

Margin debt started dropping a month before the Nasdaq went south, and it’s still dropping.

Huge Percentage Gains — “Robinhood Soars 25%,” “Coinbase Soars 35%.” But You Can Barely See it on the Stairway to Heck

by Wolf Richter • May 13, 2022 • 104 Comments

This is now a common phenomenon with these Imploded Stocks.

Econ Rumblings

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

Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky.

My List of 23 Major US Office Markets, by Vacancy Rates Ranging from Abysmal to Just Terrible

by Wolf Richter • May 16, 2022

Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.

That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2

by Wolf Richter • May 15, 2022

In details and charts.

Signs of a Downshift in the Freight Cycle, Trucking, and Demand

by Wolf Richter • May 12, 2022

Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.

tp-banner-2-336-300
  RSS feed: wolfstreet.com/feed

Copyright © 2011 - 2022 Wolf Street Corp. All Rights Reserved. See our Privacy Policy