New Vehicle Sales in Q1 Jump 11.7%. Inventories Build, But Still Less than Half of 2019. Pent-up Demand at 6 Million Vehicles by Wolf Richter • Apr 5, 2023 • 132 Comments Going to be tough for a recession to gain momentum with this kind of demand-overhang going into it.
San Francisco Office Market Turns into Nightmare, in Two Easy Steps. Step 1: Hogging Office Space; Step 2: Working from Home by Wolf Richter • Apr 4, 2023 • 125 Comments Step 3: The economy… but that step hasn’t happened yet.
This is Still the Most Astonishing Labor Market: Job Openings, Hiring, Voluntary Quits, Layoffs & Discharges by Wolf Richter • Apr 4, 2023 • 75 Comments Still lots of churn as workers arbitrage the tight labor market for their benefit. Back to “normal” a long way off.
The “Extraordinary Measures” that the Government Uses in the Debt-Ceiling Farce to Delay a Default by Wolf Richter • Apr 3, 2023 • 189 Comments The government can manipulate the gross national debt to keep it below the debt ceiling while issuing new debt. But not for long. Then the game is over.
Status of US Dollar as Global Reserve Currency and Exchange Rates: Slow Long-Term Decline on Track by Wolf Richter • Apr 2, 2023 • 188 Comments But the Chinese Renminbi didn’t make any progress at all last year.
