Inflation Dishes Up Another Nasty Surprise: Eurozone Core CPI without Energy Spikes to Record, Services CPI Spikes to Record by Wolf Richter • Mar 2, 2023 • 102 Comments What it looks like when inflation gets deeply entrenched in the broad economy, even as energy inflation backs off.
Crypto Bank Silvergate Issues “Going Concern” Warning, Says Q4 Financials with $1 Billion Loss Were Fake, Loss Was Even Bigger, Frets about “Regulatory Capital Ratios” by Wolf Richter • Mar 1, 2023 • 67 Comments It just keeps getting funnier with this crypto stuff. Shares crush dip buyers after hours.
Recent Housing Hype & Hoopla Already Fizzled: Mortgage Applications to Purchase a Home Plunged to New 28-Year Low by Wolf Richter • Mar 1, 2023 • 143 Comments The “Pending Sales Jump” (still -24% year-over-year) was like so January. This is still a frozen housing market.
