Microsoft CEO Nadella Dumped 50% of his MSFT Stock, Following in Elon Musk’s Footsteps by Wolf Richter • Nov 29, 2021 • 9 Comments Insiders dumping big portions of their stakes after historic share-price spikes is a sight to behold.
Junk Bonds, Leveraged Loans, Buyouts by PE Firms, All Blow Past Records in Massive Chase for Yield amid Fed’s Easy Money by Wolf Richter • Nov 29, 2021 • 108 Comments La-la-land finance.
What’s Behind the Pile-Up of New Houses for Sale, Highest since 2008, as Construction Costs Spike Most in 42 Years, Projects Stall by Wolf Richter • Nov 27, 2021 • 218 Comments The supply chain mess bogs down home construction.
Red Friday: A Little Dip and Already the Crybabies on Wall Street are Clamoring for the Fed to Soothe their Pain by Wolf Richter • Nov 26, 2021 • 212 Comments But raging inflation is a political bitch, and the White House got the Fed to acknowledge it, and that changes the equation.
Each Worker’s Slice of After-Inflation-Income Pie Is Shrinking. But No Problem, They Spend Heroically by Wolf Richter • Nov 25, 2021 • 114 Comments A look at per-worker personal income, what’s left of it after inflation.
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters by Wolf Richter • Nov 24, 2021 • 273 Comments But the Fed has now backed off its ridiculous claims and is taking inflation more seriously.
Best Buy Shares Plunge on Margin Pressures, “Organized Retail Crime”: A Look at Organized Retail Crime in the US and How Ecommerce Turned it into a Big Business by Wolf Richter • Nov 23, 2021 • 209 Comments Stolen goods get sold to law-abiding Americans by third-party vendors on big ecommerce sites that profit from it. Legislation to control it struggles.
Powell & Brainard Suddenly Make Inflation #1 Priority in their Thank-You Statements by Wolf Richter • Nov 22, 2021 • 302 Comments Looks like the start of a U-Turn on inflation. 2-year & 10-year yields jump.
Home Sales Down 5.8% from Year Ago, amid Tight Inventory, “Increasing Affordability Challenges,” and Rising Mortgage Rates by Wolf Richter • Nov 22, 2021 • 121 Comments The phenomenon of a spurt in buying during the early phases of rising mortgage rates – until they reach a magic number.
The WOLF STREET F-150 XLT and Camry LE Price Index, Model Year 2022 Update: This is the Craziest Situation I’ve Ever Seen by Wolf Richter • Nov 20, 2021 • 229 Comments When trucks are advertised at $10,000 over MSRP, what does MSRP even mean? Now throwing shade on my fancy-schmancy proprietary index.
After Driving Corporate Bond & Junk-Bond Rally to Lowest Yields Ever, Fed Ends Bailout SPV with $513 Million Profit, Sends 90% to US Treasury by Wolf Richter • Nov 19, 2021 • 99 Comments By mid-September, the junk bond market started heading south.
CVS to Close 900 Stores, Convert Others from Retail to Services, as Ecommerce Competitors Gobble up Pharmacy Revenues by Wolf Richter • Nov 19, 2021 • 103 Comments Brick & Mortar Meltdown Continues.
Thank You for Your Donations!! WOLF STREET Mug Shortage Update (I’m Out). And Reminder, if You Missed it: Please Donate by Wolf Richter • Nov 19, 2021 • 25 Comments Your support is crucial in helping WOLF STREET grow and build community without paywall and ad-blocker blockers.
Stock Market Leverage Spikes, Margin Debt Up 42% YoY. Fed Warns about High Leverage Ratio of “Younger Retail Investors” by Wolf Richter • Nov 18, 2021 • 165 Comments “Potentially Destabilizing Outcome could emerge if elevated risk appetite among retail investors retreats rapidly.” But what the heck.
The Most Splendid Housing Bubbles in Canada “Pause” after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet by Wolf Richter • Nov 17, 2021 • 87 Comments Home prices fell in Vancouver, Ottawa, and Montreal; were flat in Toronto, other cities for the first time since 2019.
Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion by Alex J. Pollock • Nov 17, 2021 • 176 Comments After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers.
Massive Price Increases & Overstimulated Demand Fuel Historic Surge in Retail Sales by Wolf Richter • Nov 16, 2021 • 154 Comments Money-printing hits home. Charts by retailer category.
How Can an 11-Year Old Company Lose $844 Million on $661 Million in Revenues? WeWork Shows How, Having Lost $13.3 Billion on $10.6 Billion in Revenues in Less Than 4 Years by Wolf Richter • Nov 15, 2021 • 153 Comments It just doesn’t let up with this outfit.
Why WOLF STREET Won’t Hide Behind Paywall and Ad-Blocker Blockers: Dear Readers, Please Donate by Wolf Richter • Nov 14, 2021 • 117 Comments It’s a rough business, but I love being in it, and your donations make it work.
Inflation Becomes a Political Bitch for Democrats as People’s Mood Sours amid Biggest Fed-Fueled Boom for the Wealthy by Wolf Richter • Nov 14, 2021 • 254 Comments Time to nominate some hawks to the Fed’s Board of Governors.
