WOLF STREET Mug Shortage Decision Time: Please Weigh in if You’re on the “Mug List,” and Even if You’re Not by Wolf Richter • Jun 17, 2022 • 112 Comments Wait for the original mug (no confirmation it will ever be produced again), or grab the mug I can get.
Morning After J-Pow, Second Time in a Row by Wolf Richter • Jun 16, 2022 • 178 Comments Someone might think, OK, I could speculate with the J-Pow Pattern at the next Fed meeting.
As Gasoline Prices Spike, Demand Destruction Spreads, with Long-Term Implications by Wolf Richter • Jun 16, 2022 • 308 Comments Wait… gasoline exports are rising.
Fed Stops Dillydallying. So OK, Maybe No Softish Landing. Markets on their Own by Wolf Richter • Jun 15, 2022 • 297 Comments This is fast moving now, but the Fed is still pouring fuel on the fire.
Retail Sales Report, May: In Foulest Mood Ever, Consumers Still Spent Hugely at Retailers, Fighting Inflation where they Can by Wolf Richter • Jun 15, 2022 • 130 Comments Spent $20 billion more at gas stations, from a year ago, due to spiking prices; came out of hide of other retailers. Inflation eats everyone’s lunch.
“Real Estate Tech” in Existential Crisis as Housing Sours, Stocks Plunge, New Money Out of Reach: Redfin & Compass Try to Survive by Cutting Staff. Opendoor, Zillow Sag by Wolf Richter • Jun 14, 2022 • 195 Comments In short, the party ran out of bamboozle.
Margin Debt Unwinds Further amid Massacre of High-Flying Stocks and Forced Selling by Wolf Richter • Jun 14, 2022 • 168 Comments Margin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off.
That Was Fast: 30-Year Fixed Mortgage Rate Spikes to 6.18%, 10-Year Treasury Yield to 3.43%. Home Sellers Face New Reality by Wolf Richter • Jun 13, 2022 • 274 Comments Something has to give. And it’s going to be price.
First EV SPAC Announces its Stock Will Go to Zero and Die by Wolf Richter • Jun 13, 2022 • 95 Comments From SPAC merger to Chapter 7 bankruptcy in 12 months. That was fast! Congratulations on the speed and on being first!
Treasury Bonds Plunge, Yields Spike amid Stock & Crypto Mess by Wolf Richter • Jun 13, 2022 • 182 Comments Folks looking for yield have options now. Won’t beat inflation, but won’t get their face ripped off either.
