New Vehicle Sales Down 19% in Q3 v. Q3 2019, Due to Shortages: I Estimate the Piggybank of Unmet Demand for a Recession by Wolf Richter • Oct 5, 2022 • 85 Comments Very different from prior recessions when the industry was caught with huge inventories and large production runs.
Bank of England Bought No Bonds Today, after Buying only £22 Million on Monday, instead of £5 Billion per Day by Wolf Richter • Oct 4, 2022 • 107 Comments Carefully communicating this isn’t a Pivot to QE but a temporary “backstop” to calm a panic. And it calmed the panic with minimal purchases.
Layoffs, Quits, Job Openings, Hires: Slight Softening of Contorted Labor Market, Still Massive Churn & Job Hopping by Wolf Richter • Oct 4, 2022 • 47 Comments The Fed gets more rate-hike material. Only retail trade is back to normal.
Office REITs Massacred as the Future these Office Markets Were Built for Got Cancelled by Working-from-Home by Wolf Richter • Oct 4, 2022 • 80 Comments “Expect more distress from some owners as loan defaults and relinquishing of assets could increase going forward.”
Construction Spending Ticks up, Non-Residential Hits Record, Residential Stalls after Blistering Boom by Wolf Richter • Oct 3, 2022 • 27 Comments Office construction wobbles along at much lower levels, amid a glut of vacant offices.
Big Tech Stocks Plunge with Spooky Parallels to Dotcom Bust: -25% to -66% from Highs so Far by Wolf Richter • Oct 2, 2022 • 174 Comments But the market is due for a bounce, according to the WOLF STREET dictum that “Nothing Goes to Heck in a Straight Line.”
UK Credit Market & Pension Panic, How Far Will the Fed Go, Upheaval in New Car & Truck Demand, Buyers’ Strike for Used Vehicles, and Housing Downturns in the US & Canada by Wolf Richter • Oct 1, 2022 • 100 Comments Wolf Richter on “This Week in Money.”
Flush with Pandemic Cash & Tax Revenues, States, Cities Throw Money Around. Congress too. Is it a Surprise Consumers Outspent this Raging Inflation? by Wolf Richter • Sep 30, 2022 • 131 Comments The Fed, which is trying to slow demand to tamp down on consumer price inflation, gnashes its teeth.
Fed’s Favored Inflation Index Says: Underlying Inflation Just Isn’t Slowing Down at All by Wolf Richter • Sep 30, 2022 • 140 Comments Everyone wants to know when inflation is finally going to cry uncle.
Eurozone Inflation Spikes to 10%, Ex Energy 6.4%. Germany 10.9%. From Temporary Inflation mid-2021 to Runaway Inflation by Wolf Richter • Sep 30, 2022 • 77 Comments This inflation shock finally goosed the ECB out of its reckless NIRP policies.
