Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse Repos by Wolf Richter • Dec 31, 2021 • 162 Comments Banks unloaded cash today for quarter-end window dressing. Money markets funds are biggest counterparties, Fidelity, Vanguard, Blackrock on top.
US Dollar’s Status as Dominant “Global Reserve Currency” at 25-Year Low. And USD Exchange Rates? by Wolf Richter • Dec 30, 2021 • 183 Comments Euro’s 20th birthday after dreams of “Dollar Parity” put on ice during Euro Debt Crisis. Central banks still leery of Chinese renminbi.
Stimulus for the Rest of the World: Imports Spike, Trade Deficit in Goods Worsens Relentlessly by Wolf Richter • Dec 29, 2021 • 204 Comments Three-decade trend brought about by Corporate America and the religion of globalization.
The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington by Wolf Richter • Dec 28, 2021 • 196 Comments The raging mania slows. But it’s still a raging mania.
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update by Wolf Richter • Dec 27, 2021 • 281 Comments Billionaires got more billions, bottom half of Americans got peanuts and inflation.
The Problem With Ponzis… by Kuppy • Dec 26, 2021 • 211 Comments The stock market’s whole Ponzi Sector is melting down – just look at the ARK Innovation ETF, a well-curated basket of the largest listed Ponzi Schemes.
Inventories of New Houses for Sale Highest since 2008, Worst Spike in Construction Costs in at Least 50 Years: What the Heck Is Going On? by Wolf Richter • Dec 26, 2021 • 160 Comments A look at massive distortions and massive supply in the pipeline.
Glorious Effects of Money-Printing Bail Out Manhattan Luxury Housing Market in 2021, after it Fell on Hard Times by Wolf Richter • Dec 24, 2021 • 114 Comments “Perhaps the biggest pandemic trend was this: The rich got richer — and they also bought bigger”: Olshan Realty.
Oops, Americans’ Big Pay Increases Got Run Over by Even Bigger Price Increases by Wolf Richter • Dec 23, 2021 • 211 Comments Thank you, hallelujah, for the extra money, finally. But where did it go?
Even Fed’s Lowest Lowball Inflation Measure Spikes Relentlessly: Parallel Isn’t 1982, but 1974, When Powell was in College by Wolf Richter • Dec 23, 2021 • 172 Comments But even the comparison to 1974 fails because back then, the Fed had already pushed short-term rates to 9%. Today: most reckless Fed ever.
