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

by Wolf Richter • May 22, 2022 • 102 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 • 126 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 • 133 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 • 131 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 • 113 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 • 120 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 • 192 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 • 110 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 • 170 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 • 267 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.

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

by Wolf Richter • May 12, 2022 • 56 Comments

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

Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos?

by Wolf Richter • May 11, 2022 • 349 Comments

You’re just “unsecured creditors” if we file for bankruptcy. But hey, CEO tweets: “We have no risk of bankruptcy.”

Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck

by Wolf Richter • May 11, 2022 • 139 Comments

Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.

Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies

by Wolf Richter • May 10, 2022 • 259 Comments

But the first upticks in delinquencies from breath-taking record lows are cropping up.

Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil

by Wolf Richter • May 9, 2022 • 177 Comments

Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset.

Massacre Just Doesn’t Let Up: Another IPO Stock Kathoomphed 43% Afterhours: -90% from High

by Wolf Richter • May 9, 2022 • 86 Comments

In October, Upstart was worth $35 billion, according to the collective idiocy of the hype-and-hoopla stock market. Now down to $3.6 billion.