After the Shortage, a Glut? Semiconductor Sales Hit Record for 7th Month. Hundreds of Billions in New Investments Planned by Wolf Richter • Jan 12, 2022 • 76 Comments But will there be enough demand in 2023 or beyond for all this new capacity in such a cyclical industry?
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
I Was Offered Fake 5-Star Reviews in Quantity of 10s on Google, Facebook, Tripadvisor, Yelp: Turns Out, They’re Amazingly Cheap by Wolf Richter • Jan 10, 2022 • 159 Comments They even use “software” to hide that the reviews came from India.
Buyers’ Strike Finally? Dynamics of Crazy Used-Vehicle Prices Weakened, Retail Sales Fell, Supply Ballooned to 23% Above Normal by Wolf Richter • Jan 9, 2022 • 157 Comments Are these crazy used-vehicle prices finally triggering some resistance among buyers?
Treasury Yields & Mortgage Rates Spike: Markets Begin to Grapple with Quantitative Tightening by Wolf Richter • Jan 8, 2022 • 198 Comments This is now moving fast.
Hard to Imagine the Labor Market Will Go Back to Pre-Pandemic Dynamics. Too Much Has Changed by Wolf Richter • Jan 7, 2022 • 224 Comments People got thrown out of a rut and thought about how to move forward differently. We can see that increasingly in the numbers.
New Vehicle Sales in 2021 at 1978 Level: 25 Years of Stagnation Interrupted by Plunges. But Prices Explode to WTF Level by Wolf Richter • Jan 6, 2022 • 177 Comments GM and Ford sport 6 year declines of -28% and -27%. Toyota blows all away, but still -7% from 2015. Hyundai-Kia sets new record. Captured in charts.
Markets Suddenly Hear Hawkish Fed: Stocks Sag, ARKK Plunges, Yields Jump, Cryptos (the New Hedge Against Inflation) Fail to Hedge, Plunge in Sync by Wolf Richter • Jan 5, 2022 • 203 Comments Quantitative Tightening coming sooner, faster, and bigger, according to the Fed’s minutes today.
End of Easy Money: Monstrous Money-Printer Bank of Japan Stops Printing Money, Cuts Government Securities Below July 2020 Level by Wolf Richter • Jan 5, 2022 • 87 Comments Its much-hyped but minuscule stock ETF holdings are on ice too.
Workers See Their New Power, Quit in Record Numbers to Get Better Jobs at Companies Struggling to Fill 10.6 Million Openings by Wolf Richter • Jan 4, 2022 • 196 Comments Workers come out ahead, a phenomenon not seen in many decades, as desperate employers poach workers from each other.