China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China by Wolf Richter • Sep 21, 2021 • 146 Comments The property sector and its debts are possibly the biggest financial mess in China’s history (transcript of my podcast).
THE WOLF STREET REPORT: China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China by Wolf Richter • Sep 19, 2021 • 237 Comments The property sector and its debts are possibly the biggest financial mess in China’s history.
World Runs Out of Weirdest Stuff: The WOLF STREET Beer Mug Shortage by Wolf Richter • Sep 18, 2021 • 160 Comments “Nothing Goes to Heck in a Straight Line,” except supply chains.
A Mess: Retail Inventory Shortages in Charts, Just in Time for Holiday Selling Season by Wolf Richter • Sep 17, 2021 • 100 Comments Stimulus-fueled blow-off demand spike meets messed-up supply and transportation chaos.
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike Forever by Wolf Richter • Sep 16, 2021 • 140 Comments Powered by price increases.
What a Collapse of China’s Evergrande Would Mean by Wolf Richter • Sep 15, 2021 • 260 Comments China hasn’t bailed out its over-indebted property developers yet, to the shock of foreign investors who’d bought their dollar bonds. Could the forced deleveraging trigger a financial crisis?
Business Travel, Conventions, Office Occupancy Stuck in Collapse: Been so Long, People Forgot What Old Normal Was by Wolf Richter • Sep 15, 2021 • 82 Comments Hotel business travel revenues expected to be down by 80% at top 20 destinations in 2021.
Social Security COLA for 2022 to be Near 5.8%, Could Match 2009, Biggest since 1982 by Wolf Richter • Sep 14, 2021 • 137 Comments But it still won’t cover the dollar’s actual loss of purchasing power.
Inflation Whac-A-Mole: New Vehicle Prices Spike as Used Vehicle Prices Dip, while Housing Inflation, which Exploded in Reality, Barely Budged in the CPI by Wolf Richter • Sep 14, 2021 • 86 Comments CPI inflation remains at 12-year high.
Proposed EV Tax Credits = Braindead Economic Policy +Last Thing the Booming EV Industry & EV-Hungry Consumers Need by Wolf Richter • Sep 13, 2021 • 158 Comments Everyone loves more free money. But EVs can stand on their own four wheels, so to speak. Let competition force innovation on automakers.