The market is broken. “Raging mania” rules.
A massive source of liquidity is approaching peter-out moment.
But it’s a lot worse than it appears.
Tesla Model Y Blows doors off US bestseller Ford F-Series. But Tesla lost share within EV space against the giants it woke up.
New York Fed’s Williams prepares markets for “technical adjustments” to the Fed’s “administered interest rates” to get a handle on this phenomenon.
Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
This messed-up labor market is finally producing rising wages. But companies are able to pass them on with higher prices: beginnings of an inflation spiral.
China and the tax havens rule!
This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
“We want them to go back to” a normal interest rate environment.
But who’s buying? CEO Adam Aron is schmoozling and bamboozling the Reddit crowd.
A sign of how messed up the moving parts of the economy have become, amid massive excesses and distortions connected by malfunctioning gearing.
The annual steel report is out.
A joke where everyone is making fun of everyone in grand & crazy pump-and-dump schemes. But I can’t blame AMC. I blame the Fed.
Another market support gets pulled away and turned upside down.
Investors may still be doing a lot of heavy breathing.
Thousands of workers laid off. $2.2 billion up in smoke. 2nd SoftBank unicorn to collapse this year before getting to the IPO or SPAC window, after Greensill, which it helped take down.
“Inflationary pressures pose increasing price risks to Treasuries & stocks” as the Fed will react.
Individual investor results may vary.
“There is only one way for a modular project to go right, and a million ways to go wrong.”
Paying even more to get even less. Exactly what American consumers need the most in these trying times.
“An upside surprise to inflation is among the greatest risks.”
The majestic inflation overshoot has arrived.
It’s a crazy situation the Fed backed into as tsunami of liquidity goes haywire, banking system strains under $4 trillion in reserves, and General Treasury Account gets drawn down.
This change in the inflation mindset is likely not “temporary.”
The economy, financial markets, and inflation amid the distortions caused by fiscal and monetary responses to the pandemic.
“It’s impossible to know how many of these shuttered hotels and hostel will reopen.”
It works until it doesn’t. Now all eyes are on housing (transcript).
But condo prices in the San Francisco Bay Area fell year-over-year again, and in New York City have been flat for years.
Trends converged on the mega-construction project Oceanwide Center in San Francisco.