Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 156 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
How China’s Model of Dictated Economic Growth Blew Up by Wolf Richter • Oct 22, 2021 • 165 Comments The debt-fueled property & construction bubble that drove its growth turns into a huge explosive mess with an enormous amount of debt.
While the Fed Still Fuels the Fire, the Bank of Russia Throws Shock-and-Awe Rate Hikes at Raging “Persistent” Inflation, But US Inflation Not Far Below Russia’s by Wolf Richter • Oct 22, 2021 • 148 Comments These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
Afterhours Massacre: Intel Plunges 9% for Other Reasons, Snap Collapses 25%, Takes Down Facebook, Twitter, Pinterest, Google by Wolf Richter • Oct 21, 2021 • 164 Comments The Everything Shortage worms into social media and internet advertising. Facebook and Google better walk that back pronto.
Fear of Rising Mortgage Rates Meets Fizzling Pandemic-Frenzy? Prices of Existing Homes Fall for 3rd Month. But, But, But… by Wolf Richter • Oct 21, 2021 • 98 Comments Maybe house-flipper Zillow saw something in its data when it decided to stop buying houses.
“Wage Pressures,” “Robust Wage Growth,” “Wage Inflation,” even “Wage War” Plastered All Over Fed’s Beige Book by Wolf Richter • Oct 20, 2021 • 148 Comments Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
The “Everything Shortage”: Why Is Everything so Expensive & out of Stock? by Wolf Richter • Oct 20, 2021 • 136 Comments My take on a massive mess.
10-Year Yield Jumped to 1.66% as Fed’s Waller Got Hawkish, Shredded Inflation Indexes that Strip out Food, Energy & Outliers, Put Faster Taper & Sooner Rate Hikes on Table by Wolf Richter • Oct 19, 2021 • 136 Comments “Greatly concerned” that inflation “will not prove temporary.”
What P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked by Wolf Richter • Oct 19, 2021 • 151 Comments Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script by Wolf Richter • Oct 18, 2021 • 141 Comments Industrial production over the long term is a sad sight, powered by offshoring.
THE WOLF STREET REPORT: China’s Model of Dictated Economic Growth Blew Up by Wolf Richter • Oct 17, 2021 • 152 Comments What’s left of the debt-fueled property speculation that drove growth is a huge explosive mess and an enormous amount of debt.
Not Getting Better: Relentless Retail Inventory Squeeze amid Shortages & Supply Chain Chaos by Wolf Richter • Oct 16, 2021 • 167 Comments Holiday selling season is going to be a mess: Look not for what you want but for what the store has.
Banks Disclose Tidbits of Hidden Stock Market Leverage, as Known Stock Market Leverage Surges by Wolf Richter • Oct 15, 2021 • 115 Comments No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see.
Free-Money-Blow-Off Spike in Retail Sales Got Refueled by Spiking Prices by Wolf Richter • Oct 15, 2021 • 100 Comments A monstrously overstimulated economy that caused global supply chains and transportation systems to buckle.
The Amazing Explosion of New Businesses Continues as Americans Strike Out on their Own by Wolf Richter • Oct 14, 2021 • 136 Comments And my 2 cents about the high “failure rates” of new businesses, being a small-business owner myself.
Dollar’s Purchasing Power Plunges Further, as Housing CPI Begins to Climb, Food & Energy Soar, New Vehicle Prices Spike by Wolf Richter • Oct 13, 2021 • 195 Comments CPI inflation highest since 2008 and 1991.
Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees by Wolf Richter • Oct 13, 2021 • 87 Comments For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly.
What the Record Spike in “Quits” Says about the Job Market, Inflation, and How Labor Gained Pricing Power by Wolf Richter • Oct 12, 2021 • 120 Comments One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it.
Inflation Expectations Come Unanchored: People Expect Red-Hot Price Increases to Eat Wage Gains plus their Lunch & Dinner by Wolf Richter • Oct 12, 2021 • 202 Comments The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
Apartment Conversions from Old Office Buildings, Hotels, Factories: The Numbers by Wolf Richter • Oct 11, 2021 • 84 Comments A costly slow process that gives some buildings a second life.
