The Most Splendid Housing Bubbles in Canada, March Update, amid Jumping Yields, Bank of Canada’s Rate Hike and QT by Wolf Richter • Mar 17, 2022 • 98 Comments Mad scramble to lock in rising mortgage rates? A few markets went raging-mania hog-wild. Others not so much. In two, prices dipped again.
How the Vehicle Production Nightmare Upended Everything and Why Automakers & Dealers Don’t Want the Old Ways Back by Wolf Richter • Mar 17, 2022 • 114 Comments But There’s No Shortage of Used Vehicles.
Gazillion Miles Behind the Curve, the Fed Gets Hawkish: More Rate Hikes, “Faster and Much Sooner” Quantitative Tightening by Wolf Richter • Mar 16, 2022 • 261 Comments The strong economy and labor market can “handle tighter monetary policy.”
Americans Make Huge Efforts to Keep up with Raging Prices by Wolf Richter • Mar 16, 2022 • 138 Comments Retail sales amid record worst inflation in durable goods and red-hot inflation in nondurable goods.
Rents for Single-Family Houses and Apartments Blow Out across the US: This Crazy-Hot Rent Inflation is a National Fiasco by Wolf Richter • Mar 15, 2022 • 229 Comments And it has nothing to do with supply chains. Dear Fed, go have a look at the fruits of your labor.
Producer Price Inflation Gets Entrenched at 10%, Worst Level in the Data by Wolf Richter • Mar 15, 2022 • 129 Comments Businesses are confident they can pass on higher prices, plus some, to consumers.
Diesel Spikes to $5.25, Gasoline to $4.32, in Historic Leaps. But Wait a Minute… Futures of Crude Oil & Gasoline Plunge by Wolf Richter • Mar 15, 2022 • 154 Comments Neck-breaker volatility in opposite directions in an unsettled market.
But Whose Money Evaporated when JP Morgan, BlackRock, Pimco, Calpers, Others Report Huge Losses on Russian Assets? by Wolf Richter • Mar 14, 2022 • 123 Comments OPM = Other People’s Money — namely from American and European retail investors and pension beneficiaries.
Massive Volatility in the Markets, Inflation out the Wazoo, Effects of Higher Interest Rates on Stocks & Real Estate, and Will High Oil Prices Cause a Recession? by Wolf Richter • Mar 14, 2022 • 67 Comments And here I am, seeing 10% CPI inflation coming this year.
Why This is the Most Reckless Fed Ever, and What I Think the Fed Should Do to Reverse and Mitigate the Effects of its Policy Errors by Wolf Richter • Mar 12, 2022 • 363 Comments The Fed’s credibility shifted from Inflation Fighter under Volcker to Wealth Disparity Creator and Inflation Arsonist under Powell. And everyone knows it.
