This Reddit Lament Sums up Wonderfully What Lots of Home Buyers Will Grapple with as Housing Market “Normalizes” and Work from Home Fizzles by Wolf Richter • Aug 10, 2021 • 284 Comments The price of FOMO.
The State of the Small Business: Hiring Problems, Inventory Shortages, and Big Price Increases by Wolf Richter • Aug 10, 2021 • 99 Comments In the current era of Stimulus Good Times, with its huge kinks.
AMC Sold Three Times More Shares than Movie Tickets in Q2, Revenues Down 70% from Q2 2019, as Business Model Collapsed by Wolf Richter • Aug 9, 2021 • 95 Comments It should just forget about selling movie tickets, and stick to selling its shares to future meme-stock billionaires.
Amid Clamoring of “Labor Shortages” as 13 Million People Claim Unemployment Benefits, Job Openings Spike Sky-High. Sector by Sector by Wolf Richter • Aug 9, 2021 • 218 Comments And many people quit their job to take a better job with higher starting wage & signing bonus, offered by desperate employers.
$1.1 Trillion Flood of Liquidity from Drawdown of Treasury General Account Peters Out by Wolf Richter • Aug 7, 2021 • 201 Comments And as the Fed pumps out cash via QE on one side, it mops up $1 trillion in cash via reverse repos on the other.
Used-Vehicle Madness Unwinds Teeny-Weenie Bit, 2nd Month by Wolf Richter • Aug 6, 2021 • 97 Comments I’d say, prices at wholesale are still idiotic, but slightly less idiotic. Retail prices lag a month or two.
Weird Phenomenon of “Labor Shortages” as Millions of People Still Aren’t Working: Employers Hired 2.5 Million in 3 Months by Wolf Richter • Aug 6, 2021 • 122 Comments The Fed is looking for jobs reports to justify tapering its asset purchases, and this was one. But the labor market is still messed up.
Senator Manchin Hammers on Powell to Back Off Money Printing, as Biggest “Inflation Momentum in 30 Years” Might Derail Democrats’ Spending Priorities by Wolf Richter • Aug 5, 2021 • 274 Comments Giving political cover to the Fed to tamp down on inflation. Which fits neatly into my theory.
Yes, More People Went Back to Work in States that Ended the $300/Week in Federal Unemployment Benefits by Wolf Richter • Aug 5, 2021 • 108 Comments In an economy screaming for labor, the data is becoming clearer, despite breathless media coverage to the contrary.
New Vehicle Sales Slammed by Semiconductor Shortage, Record Low Inventories, Beginnings of Buyers’ Strike by Wolf Richter • Aug 4, 2021 • 147 Comments Frustrated by lack of choice and puffed-up prices, many customers walked.