Dollar Purchasing Power Plunges. Inflation +6.2%. For Urban Wage Earners +6.9%, Highest in 40 years, Most Monstrously Overstimulated Economy Ever. by Wolf Richter • Nov 10, 2021 • 251 Comments Fed still printing money & repressing “real” interest rates to -6%, new vehicle prices spike by most since 1975, housing CPI jumps, food & energy soar.
State of the American Debt Slaves: Foreclosure Bans, Forbearance, Delinquencies & Soaring Prices of Everything by Wolf Richter • Nov 9, 2021 • 111 Comments Home-price explosion pumps up mortgage debt.
Further up the Producer Price Pipeline, Inflation Rages at over 20%, Heading for Consumers by Wolf Richter • Nov 9, 2021 • 85 Comments Massive price increases now building up in the pipeline.
Americans Blow Off Fed Propaganda Inflation is “Temporary” by Wolf Richter • Nov 8, 2021 • 195 Comments Inflation expectations are now totally unanchored.
Used Vehicle Wholesale Prices Spiked by the Most Ever. Retail Prices to Follow by Wolf Richter • Nov 8, 2021 • 58 Comments Powered by the inflationary mindset, consumers pay whatever, and dealers aggressively bid up prices, confident that consumers will pay whatever.
What’s Happening with the Massive Delinquencies of FHA High Risk & Subprime Mortgages Now that Foreclosure Bans Ended? by Wolf Richter • Nov 7, 2021 • 190 Comments 8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.
Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy by Wolf Richter • Nov 5, 2021 • 306 Comments Record GDP, record consumer spending, record private investment, but the number of workers accomplishing these feats is down by 4.7 million.
Average New-Vehicle Price Spikes 19% in 10 Months, to $44,000. Unit Sales Tick up, But Still Down 34% from March by Wolf Richter • Nov 5, 2021 • 135 Comments Automakers and dealers make enormous record per-vehicle gross profits amid inventory shortages in the craziest market ever.
The Fed Lost Control of the Inflation Narrative by Wolf Richter • Nov 4, 2021 • 247 Comments Mega-policy decisions to boost demand. Now mega-consequences.
Monstrous Money Printer Bank of Japan Stopped Printing Money, Started Unloading Government Securities by Wolf Richter • Nov 3, 2021 • 89 Comments Nikkei 225 is flat with February, when the BoJ started unloading government securities.