I Agree: Don’t Regulate Crypto, Let it Burn. Making Good Progress on its Own by Wolf Richter • Nov 21, 2022 • 350 Comments By letting it burn, it won’t get big enough to cause major contagion outside of crypto.
Thank You for Your Awesome Support of WOLF STREET!! If You Missed the Fun a Week ago, a Reminder: Please Donate by Wolf Richter • Nov 20, 2022 • 29 Comments Your donations are very special to me. They build community. They tell me what I’m doing matters to you. They keep WOLF STREET open to all and less dependent on ads. Thank you!!!
The Most Splendid Housing Bubbles in Canada, November Update: Fastest 5-Month Plunge on Record by Wolf Richter • Nov 19, 2022 • 99 Comments Down faster during the bust than up during the bubble: a special feature in some cities. Vague humor wafts around the charts.
Inflation Makes Mess in Japan, Batters Yen. BOJ’s Kuroda Clings by His Last Fingernail to “Transitory” by Wolf Richter • Nov 18, 2022 • 78 Comments But he’ll be out in April.
Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months, Active Listings & Price Cuts Rise Further by Wolf Richter • Nov 18, 2022 • 170 Comments Sellers are struggling with denial: Priced “right,” a home will sell, but “right” is where the buyers are, and they’re a lot lower.
Single-Family Construction Starts Plunge as Homebuilders Drown in Inventory. But Multifamily Construction at 36-Year High by Wolf Richter • Nov 17, 2022 • 122 Comments Housing construction has split in two.
Era of Stimulus-Distorted Consumer Credit Ends: Auto Loans, Delinquencies, Prime & Subprime by Wolf Richter • Nov 17, 2022 • 93 Comments Auto-loan balances surge on sky-high prices, despite sales plunge. Delinquencies rise to pre-pandemic lows, subprime delinquencies return to 2016-2019 levels.
No Landing Yet, Soft or Otherwise? Retail Sales Hit it out of the Ballpark, But Not All Retailers: By Retailer Category by Wolf Richter • Nov 16, 2022 • 126 Comments Restaurants and ecommerce in particular. But people are not flocking back to department stores suddenly, that was a myth.
Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 16, 2022 • 109 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
Credit Card Balances, Burden, Delinquencies & Collections in Q3: Consumers Still in Great Shape with their Cards by Wolf Richter • Nov 15, 2022 • 111 Comments Credit cards mostly a payment method, paid off monthly. Importance for borrowing declined over the years.
