THE WOLF STREET REPORT: Housing Bubble Getting Ready to Pop – The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 7, 2022 • 226 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Are Federal Student Loans Even “Loans?” From Forbearance to Forgiveness to Taxpayer Expense. Fairer: Allow Bankruptcy by Wolf Richter • Aug 7, 2022 • 271 Comments The educational-industrial complex is laughing all the way to the bank.
The “Under-Demanded” Office Market by John McNellis • Aug 6, 2022 • 120 Comments “There’s almost no liquidity in the office market. No one knows where pricing will be when one of these towers finally sells.”
Recession Mongers Shocked & Horrified by this Surge in Employment by Wolf Richter • Aug 5, 2022 • 165 Comments They’re praying for a recession to “force” the Fed to pivot. But it’s tough to have an official recession with employment growing, wages surging.
Fed’s QT: Total Assets Drop by $91 Billion from Peak (QE created money, QT Destroys Money) by Wolf Richter • Aug 4, 2022 • 168 Comments What the Fed did in details and charts.
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
People Trying to Dodge Legal Usury: Credit Card Balances, Delinquencies, Third-Party Collections, and Bankruptcies in Q2 by Wolf Richter • Aug 3, 2022 • 105 Comments Buy-Now-Pay-Later (BNPL) Lenders Face Tougher Reality.
Markets Are “Fighting the Fed” by Wolf Richter • Aug 3, 2022 • 259 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low by Wolf Richter • Aug 2, 2022 • 68 Comments The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
Layoffs, Discharges, Quits, Job Openings, and Hires: Still Massive Churn & Job Hopping, but Losing Some Steam by Wolf Richter • Aug 2, 2022 • 87 Comments Weirdest labor market ever gets a little less weird.
