10-Year US Treasury Yield Flipflops, Spikes by 14 Basis Points to 4.07%, after Plunging to 3.93%, amid Massive Volatility by Wolf Richter • Mar 2, 2026 • 3 Comments It undid more than the entire haven trade that had started on Thursday and blew through the hot PPI inflation on Friday.
Drill Baby Drill for 20+ Years: US Natural Gas Production Jumps to Record, Exports via LNG & Pipeline Spike to Record in 2025 by Wolf Richter • Mar 2, 2026 • 18 Comments And the price of US natural gas fell back to where it had been 30 years ago.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom, Bust, and in Between by Wolf Richter • Feb 28, 2026 • 34 Comments Despite the hoopla about data centers, spending on factory construction was five times larger.
Services PPI Inflation Explodes. Goods PPI Jumps as Companies Shuffle Tariffs to Each Other. Food & Energy Plunge by Wolf Richter • Feb 27, 2026 • 103 Comments It will further fuel the acceleration of the Fed-favored PCE Price Index.
AI, the Immigration Crackdown, and Mind-Blowing Overhiring in 2020-2022 Are Now Rattling the Labor Market by Wolf Richter • Feb 26, 2026 • 70 Comments Despite only tepid job creation by the private sector, unemployment remains historically low.
Credit Card Delinquencies, Balances, Burden, Credit Limits, and Collections in Q4 2025 by Wolf Richter • Feb 25, 2026 • 64 Comments Despite the wailing about tapped-out, struggling and cracking consumers, the credit card delinquency rate dropped to multi-year low.
WHOOSH Goes Demand for Electricity. US Power Generation by Source in 2025: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Biomass, Geothermal, Petroleum by Wolf Richter • Feb 24, 2026 • 95 Comments Amid a struggle to power AI data centers.
Biggest Single-Family Rental Landlords, Mom & Pop Landlords, and Trump’s Push to Block Big Guys from Buying More Homes by Wolf Richter • Feb 23, 2026 • 95 Comments It might not make much difference now, but it would during a housing crash.
US Treasury Debt-to-GDP Ratio Rises to 122% in Q4, Highest since Covid Spike by Wolf Richter • Feb 21, 2026 • 171 Comments The ugly debt monster grew faster than current-dollar GDP.
PCE Inflation (2.9%, 3.0%) and GDP Inflation (3.7%) Got Hotter, but CPI Inflation (2.4%) Cooled. Why? The Fed Needs to Pay Serious Attention by Wolf Richter • Feb 21, 2026 • 51 Comments The PCE price index gets pushed down far less by the doctored housing index than CPI does because housing weighs half as much in PCE.
Hot Inflation & Plunge in Federal Government Spending Slam Real GDP. But Trade Deficit Least Bad in 2 Years by Wolf Richter • Feb 20, 2026 • 28 Comments Domestic private demand, without government and trade, rose by 2.4% adjusted for inflation.
Supreme Court Strikes Down IEEPA-Based Tariffs, Doesn’t Rule on Refunds (“Likely to be a ‘Mess’”) by Wolf Richter • Feb 20, 2026 • 83 Comments Markets not surprised. 10-year Treasury yield rises modestly.
Pending Home Sales Drop to Record Low in the Data, from Already Low Levels, on Big Drops in the South & Midwest by Wolf Richter • Feb 19, 2026 • 83 Comments “Improving affordability conditions have yet to induce more buying activity”: National Association of Realtors.
Single-Family & Multifamily Construction: Bring on the Supply just as Population Growth Slows to a Crawl by Wolf Richter • Feb 18, 2026 • 53 Comments This is precisely what this overpriced and frozen housing market needs.
Orders for Durable Goods at US Manufacturers Jump 7.8% in 2025 to Record on AI Infrastructure & Civilian Aircraft by Wolf Richter • Feb 18, 2026 • 22 Comments Machinery, fabricated metals, electrical equipment, motor vehicles, and nondefense aircraft all hit records.
Serious Delinquency Rates for Subprime & Prime Auto Loans, Balances, and Debt-to-Income Ratio in Q4 2025 by Wolf Richter • Feb 17, 2026 • 50 Comments The high-risk, high-profit ecosystem of subprime auto loans is not for the squeamish.
US Government Sold $701 Billion of Treasury Securities this Week. As Deficits Balloon, Bond Math Is Relentlessly Brutal by Wolf Richter • Feb 14, 2026 • 115 Comments Sold $54B of 10-Year Treasury notes at 4.18% to replace $25B of maturing 1.73% 10-year notes, pushing up amount outstanding by $29B.
Services Inflation Spikes in January, but Bad-Joke OER CPI Pushes Down on Year-over-Year CPI. OER is Huge and Bad by Wolf Richter • Feb 13, 2026 • 112 Comments Gasoline & used-vehicle prices plunge, food inflation backs off for a moment, natural gas bills jump.
Sales of Single-Family Homes Plunged (even in the West in Warm Weather), Supply Surged, Median Price Nearly Flat YoY by Wolf Richter • Feb 12, 2026 • 54 Comments Demand destruction continues after the price explosion from mid-2020 to mid-2022.
Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q4 2025 by Wolf Richter • Feb 12, 2026 • 39 Comments One of the most fundamental changes resulting from the Financial Crisis was the transfer of mortgage risk from banks to taxpayers.
