There’s a “New Upside Risk” in Town: “Pent-up Exuberance” – Fed’s Bostic by Wolf Richter • Mar 5, 2024 • 201 Comments If it’s unleashed at the “first hint” of a rate cut, it’ll “create upward pressure on prices.” But it may be too late, it has been unleashed by rate-cut mania.
Production & Exports of Crude Oil & Petroleum Products Soar to Record in 2023, SPR Gets Refilled (Slowly) by Wolf Richter • Mar 4, 2024 • 65 Comments US oil production boom has dramatically changed global energy dynamics.
Inflation & Interest Rates; the Big Housing Arbitrage; Office CRE & Banks; Skid Marks of China’s RE Chaos in the US; Legacy Automakers’ EV Woes; and Other Thoughts by Wolf Richter • Mar 4, 2024 • 33 Comments Wolf Richter on “This Week in Money.”
US Natural Gas Production, Exports of Natural Gas via LNG and Pipelines, All Soar to New Records in 2023, Price Collapses by Wolf Richter • Mar 3, 2024 • 86 Comments The US became the largest LNG exporter in the world in 2023. It has long been the largest natural gas producer in the world.
Fed Discusses Balance Sheet “Normalization”: ON RRPs & MBS Go to Zero, Reserves Drop a Lot, Slower QT Reduces Risk of “Accidents,” SRF Calms Repo Market, Future QE without Increasing the Balance Sheet by Wolf Richter • Mar 2, 2024 • 186 Comments The Fed’s Waller and Logan lay out some basic principles.
Inflation Saga Far from Over: Services Inflation in Euro Area Just as Stubborn as in the US, Makes Very Disconcerting Moves by Wolf Richter • Mar 1, 2024 • 133 Comments Over the three months through February, services inflation has been running at roughly the same hot rate as during the peak a year ago.
