State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation by Wolf Richter • May 6, 2022 • 132 Comments Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Complexities of a Messed-Up Labor Market: Why a Crackdown on Inflation Might Bring People Back into the Labor Force by Wolf Richter • May 6, 2022 • 129 Comments Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.
Massacre of the Online Retail Stocks Amazon, eBay, Wayfair, Etsy, Shopify, Chewy, The Honest Co., as Folks Shift Spending from Goods Back to Services by Wolf Richter • May 5, 2022 • 243 Comments On crappy earnings and lowered guidance, many of these highflyer stocks kathoomphed -70% to -85% from highs last year.
Powell Confident in “Softish Landing” for the Economy, But We May Keep Inflation. Markets Can Figure Out their Own Landing by Wolf Richter • May 4, 2022 • 364 Comments Most Reckless Fed Ever on the move finally, biggest rate hike since 2000, QT next, but too little too late.
How Uber Lost $5.5 billion on 4 SPAC & IPO Stocks: Grab, Didi, Aurora, Zomato. How it Got There, How They Imploded by Wolf Richter • May 4, 2022 • 77 Comments It’s funny, almost.
It Just Doesn’t Let Up: Lyft Plunges 26% Afterhours, Down 74% from the Hype-and-Hoopla Trade out the IPO Gate by Wolf Richter • May 3, 2022 • 156 Comments Another stock gets added to my Imploded Stocks column.
A Recession Might Just Eat Some of the 11.5 Million Job Openings, Labor Shortages, Other Shortages, and Not Create Much Unemployment by Wolf Richter • May 3, 2022 • 200 Comments A soft landing, cushioned by excesses, for an economy that has gone nuts.
Diesel Spikes to WTF Record $5.51, Gasoline Jumps to $4.18 by Wolf Richter • May 2, 2022 • 165 Comments But wait a minute… crude oil futures are far below a record.
US Manufacturers: Inflation Is “Out of Control,” Has Not Peaked, but “Intensified” amid Strong Demand, Shortages, and Lengthening Lead Times by Wolf Richter • May 2, 2022 • 123 Comments “Efforts to stockpile” input materials to counter price increases and shortages. But finished products inventories continued to fall.
As IPOs Kathoomph, Exit Doors Close with Big Implications for the Broader Startup Scene by Wolf Richter • May 1, 2022 • 197 Comments Dotcom bust all over again, but bigger after 13 years of money printing.
