“No Easy Outs to Restoring Price Stability”: Bank of Canada Hikes by 50 bpts to 3.75%, More Hikes to Come, QT to Continue, as “Unsustainable” Home Prices Plunge, GDP “Stalls” by Wolf Richter • Oct 26, 2022 • 98 Comments “Not enough” v. “Too much.”
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plunge in Seattle (-3.9%), Near-Record in San Francisco (-4.3%) & Denver. Drops Spread Across the US by Wolf Richter • Oct 25, 2022 • 209 Comments Big drops in San Diego, Los Angeles, Dallas, Portland, Phoenix, Boston. Prices going down faster than they’d spiked? No way. Oops.
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4% by Now, but Now We’re at 7%. Wishful Thinking by Crushed Mortgage Lenders? by Wolf Richter • Oct 24, 2022 • 172 Comments This raging inflation will keep dishing up a lot more surprises.
New-Vehicle Inventory Improves, Still Woefully Low. But Full-size Trucks Pile up. Many Fuel-Efficient Models out of Stock by Wolf Richter • Oct 23, 2022 • 117 Comments By brand & segment: Big incentives or interest-rate buydowns for pickups. But many Kia, Toyota, and Honda models essentially out of stock.
The Most Splendid Housing Bubbles in Canada, October Update: Prices Plunge at Fastest Pace on Record by Wolf Richter • Oct 21, 2022 • 140 Comments As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast.
Margin Debt Is Still Far from Calling a Bottom for Stocks by Wolf Richter • Oct 21, 2022 • 139 Comments It nailed the top last November and it nailed the tops and bottoms going back at least to the 1990s.
Snap Makes Mess Afterhours, Splatters Again on Meta, Pinterest, Alphabet: Online Advertising in the Holiday Quarter, Oh Deary by Wolf Richter • Oct 20, 2022 • 105 Comments Snap is a paragon of my Imploded Stocks. Meta, after tonight’s drop, is just a hair away.
Housing Bubble Woes: Home Sales Plunge, Prices Drop 7% in 3 Months, Price Reductions Surge. Mortgage Rates Spike by Wolf Richter • Oct 20, 2022 • 172 Comments Investors are also pulling back.
The 5x Spike & Now Implosion of Generac’s Stock Shows What Went Horribly Wrong in the Markets since Feb. 2020 by Wolf Richter • Oct 19, 2022 • 71 Comments This chart is a warning for dip-buyers that think the bottom is in after each plunge. But the bottom isn’t in until the last dip-buyers get crushed.
Boom v. Bust: Construction Starts of Multifamily Buildings v. Single-Family Houses by Wolf Richter • Oct 19, 2022 • 154 Comments And in terms of “housing shortage” or “underbuilding?” Well, we’ll just go ahead and sink that meme.
