What’s the Real Inflation Rate, Will the Housing Market Ever Slow Down, and How Long Will the Dollar Remain the Dominant Reserve Currency? by Wolf Richter • Apr 9, 2022 • 159 Comments Wolf Richter on This Week in Money.
Used Vehicle Prices Finally Drop but Won’t Plunge All the Way Back to Earth in this Crazy Environment. Here’s Why by Wolf Richter • Apr 8, 2022 • 137 Comments Despite the jump in tax refunds, crucial for down payments, used car & truck retail sales fell, and auction prices dipped as price resistance set in.
After Robinhood Shares Collapsed 87% from Peak and 70% from IPO, Goldman Sachs, IPO Lead Underwriter, Cuts Stock to “Sell” by Wolf Richter • Apr 8, 2022 • 133 Comments It would be funny – if it weren’t so serious – how this stuff is imploding, and Wall Street, which created it, is now washing its hands of it.
Homebuyer “Pessimism” Hits Bleak Record on Sky-High Prices, Spiking Mortgage Rates. Great Time to Sell, Though. Just Do It by Wolf Richter • Apr 7, 2022 • 204 Comments If it continues, “we expect to see an even greater cooling of the housing market than previously forecast”: Fannie Mae.
After GM, Ford, FCA Abandoned Cars, Toyota, Now #1 in the US, Rubs In their Monumental Blunder Publicly by Wolf Richter • Apr 7, 2022 • 216 Comments There’s demand for cars, often lower priced. Abandoning them was an idiotic move to please Wall Street that’s now haunting the Big Three US automakers.
Bank of Japan’s Mind Game: Massive Bond Buys to Cap 10-Year Yield? Didn’t Happen. Bond Holdings Actually Fell. But it Worked by Wolf Richter • Apr 7, 2022 • 54 Comments Maybe the BoJ doesn’t want to totally crush the yen?
Mortgage Refinance Applications Are Collapsing. What’s the Impact on the Economy & Markets? by Wolf Richter • Apr 6, 2022 • 199 Comments Consumer spending and asset prices both were boosted by them.
Mortgage Rates Breach 5%, Two-Year & 10-Year Treasury Yields Spike after Fed Dove Brainard Explains How Inflation is Much Worse for Lower Income Households than CPI Shows by Wolf Richter • Apr 5, 2022 • 336 Comments “It is of paramount importance to get inflation down,” she said to get markets to prepare for what’s coming. And they’re preparing.
New Vehicle Sales Plunge as Chip Shortages, Production Cuts, Low Inventories Drag On. Back Where They’d Been in 1979 by Wolf Richter • Apr 4, 2022 • 134 Comments Toyota, whose sales plunged less than GM’s and Ford’s, was #1 in Q1.
After Having Blown $31 Billion on Share Buybacks to Prop Up its Shares, Starbucks Ends Them, to Invest in “Our People and Our Stores.” The New Old CEO Gets It. Shares Tank by Wolf Richter • Apr 4, 2022 • 106 Comments Great news, but not for the stock. Share buybacks gutted Starbucks. The SEC should again rule them illegal market manipulation, as it had until 1982.
