What I think Musk Did, Genius Manipulator he is, by Threatening to Decimate Tesla’s Salaried Staff & Management while Increasing Headcount of Factory Workers by Wolf Richter • Jun 3, 2022 • 270 Comments He has a rebellion over WFH on his hands, not a demand problem for EVs, and is knuckling them into submission.
These Jobs Reports Are Not Good for Stocks by Wolf Richter • Jun 3, 2022 • 160 Comments And the Fed can see the budding Wage-Price Spiral too.
Suddenly Here Comes the Inventory: Homes Listed for Sale Jump amid Price Reductions and Sagging Sales by Wolf Richter • Jun 2, 2022 • 227 Comments The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.
Tech Bust Takes Next Step: Layoffs & Hiring Freezes by Wolf Richter • Jun 2, 2022 • 127 Comments Dotcom Bust 2 has begun. Only bigger. (Transcript from the podcast).
Crude Steel Production in 2021 Shifted from China to Other Countries amid Supply Chain Chaos: US Production Spiked 15% by Wolf Richter • Jun 1, 2022 • 55 Comments China still produced more crude steel than the rest of the world combined. Just a baby step, but a huge change in direction.
First Big Drops in Astronomical Job Openings in Key Sectors, But Spikes to Record in Manufacturing & Construction by Wolf Richter • Jun 1, 2022 • 114 Comments Layoffs at record low, “quits” near record high with huge number of “hires,” amid massive churn as people go job-hopping.
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rates by Wolf Richter • May 31, 2022 • 282 Comments Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike.
EV SPACs Warn about Running Out of Cash: The Beginning of the End for the Craziest Stock Bubble Ever by Wolf Richter • May 30, 2022 • 173 Comments Electric Last Mile said it might only make it “into June.” So far in this cycle, 25 SPACs have warned they might not make it, including 6 EV SPACs.
THE WOLF STREET REPORT: Tech Bust Takes Next Step: Layoffs & Hiring Freezes by Wolf Richter • May 29, 2022 • 179 Comments Dotcom Bust 2 has begun. Only bigger.
Time to Put Down the Shovel? So Far this Year, We’ve Dropped Three Projects due to Breathtaking Construction Cost Estimates by John McNellis • May 28, 2022 • 117 Comments His number came in 100% more than the cost of our last store, and the deal no longer penciled out.
