Modular Construction: “Not there yet” by John McNellis • May 31, 2021 • 175 Comments “There is only one way for a modular project to go right, and a million ways to go wrong.”
Inflation Bites Chunk out of Personal Income & Spending by Wolf Richter • May 30, 2021 • 400 Comments Paying even more to get even less. Exactly what American consumers need the most in these trying times.
Bank of England Chief Economist: Avoid Inflation Surge “Like the Plague” by Nick Corbishley • May 29, 2021 • 81 Comments “An upside surprise to inflation is among the greatest risks.”
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect” by Wolf Richter • May 28, 2021 • 281 Comments The majestic inflation overshoot has arrived.
Fed Drains $485 Billion in Liquidity from Market via Reverse Repos, Undoing 4 Months of QE, Even as QE Continues, Total Assets Near $8 Trillion by Wolf Richter • May 27, 2021 • 221 Comments 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.
Car & Truck Sales Show: The Inflation Mindset Has Changed, Consumers Are Willing to Pay a Lot More, Generating not only Record Sales but also Record Gross Profits by Wolf Richter • May 27, 2021 • 183 Comments This change in the inflation mindset is likely not “temporary.”
Wolf Richter in Conversation with Saxo Bank’s Market Call by Wolf Richter • May 27, 2021 • 21 Comments The economy, financial markets, and inflation amid the distortions caused by fiscal and monetary responses to the pandemic.
How my Friend’s Small Hostel in Barcelona Survived by Nick Corbishley • May 26, 2021 • 69 Comments “It’s impossible to know how many of these shuttered hotels and hostel will reopen.”
“Just Shut Up and Buy”: But Hype-Stocks & Cryptos Crashed by Wolf Richter • May 26, 2021 • 121 Comments It works until it doesn’t. Now all eyes are on housing (transcript).
The Most Splendid Housing-Inflation Bubbles in America with WTF Spikes in Seattle & Los Angeles by Wolf Richter • May 25, 2021 • 196 Comments But condo prices in the San Francisco Bay Area fell year-over-year again, and in New York City have been flat for years.
