The supply-chain catastrophe in 2020-2021, the edgy US-China relationship, and the scary dependence on China triggered a big corporate rethink.
They Out-Spent and Out-Earned inflation without breaking a sweat, and saved some too.
Gasoline plunged, durable goods fell. Inflation still hot in housing, insurance, healthcare, transportation (incl. auto services). Food inflation simmers.
They don’t matter until they suddenly do.
Our drunken sailors in Congress better head to the detox.
20-City index below 2022 high, 9 metros below 2022 highs, 10 metros set new highs. The unsavory “National” index cocktail in the headlines gets shredded.
Mortgage-rate buydowns, “smaller product footprints,” and “de-amenitizing” to bring down payments: D.R. Horton.
Banks, forced by competition from money market funds, got the memo.
Investors smell the money, billions are flowing, even in the US, which could become major lithium producer.
“If the markets don’t infer from this that it’ll be high for longer, we’ll have to use our rate instruments and hike to get where we want to go.”
Supply is coming back, demand is not. Prices are still way too high.
Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
And there’s Still No Recession!
This crybaby stuff is just funny. So let’s have a look.
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With EV charging, America is divided into two parts: Tesla’s network and everything else.
Food is the exception and pricing levels “continue to be a concern”: Walmart CEO. Sky-high food prices rose further.
From peak in March 2022, prices fell 15.6%, in Toronto 17.2%. But Calgary reached a new high (still waiting for the memo?).
Home buyers “seize a dip in rates” and rush into the housing market, LOL?
Energy plunges, durable goods drop, food ticks up from sky-high levels, but meat re-surges, services are hot, rents accelerate, auto insurance spikes.