Pending Home Sales Plunge across the US. Midwest Sees Worst Sales on Record, Northeast 2nd Worst by Wolf Richter • Jan 21, 2026 • 78 Comments For the US overall, worst sales for any December on record. The housing market took a bad turn, from already low levels.
Japanese Government 30-Year Yield Explodes after Threats of Increased Spending & Tax Cuts: Bond Vigilantes Rising from their Graves? by Wolf Richter • Jan 20, 2026 • 56 Comments A bond market as strung out as Japan’s doesn’t want to hear about spending increases accompanied by tax cuts when inflation is already 3%.
Energy Inflation for Households: Electricity, Natural Gas Piped to the Home, Gasoline, and Other Fuels by Wolf Richter • Jan 19, 2026 • 86 Comments Demand for electricity has surged, and so has the price.
US Government Sold $654 Billion of Treasuries this Week, 10-Year Yield Spikes to 4.24%, Highest since Sep 2, despite 3 Rate Cuts by Wolf Richter • Jan 17, 2026 • 112 Comments The new supply: $138 billion of new 10-year Treasury notes replaced $66 billion of matured 10-year Treasury notes.
Condo Prices Now Below 2005-2007 Housing Bubble Peaks in 8 Cities, including Oakland, Chicago, and 2 Cities in Florida by Wolf Richter • Jan 16, 2026 • 26 Comments Condos are subject to huge booms and busts. But these cities are more special than others, so to speak.
Food Inflation Gets Hot, but Not Every Item: A Look at Beef, Chicken, Coffee, Eggs, Dairy, Fruit & Vegetables, “Other Foods” by Wolf Richter • Jan 15, 2026 • 74 Comments CPI for “Food at home” jumped in December and is up 30% since January 2020. The CPI for restaurant food is even hotter.
The Most Splendid Housing Bubbles in Canada, Dec 2025: Single-Family & Condo Prices Hit Multi-Year Lows in Toronto, Spike in Montreal, Quebec by Wolf Richter • Jan 15, 2026 • 10 Comments In between: Vancouver, Victoria, Hamilton-Burlington, Calgary, Ottawa, Halifax, Edmonton, Winnipeg.
Sales of Existing Homes in 2025 Drop to Lowest since 1995, Sellers Massively Yank Listings off the Market, Waiting for Spring by Wolf Richter • Jan 14, 2026 • 69 Comments Single-family home sales edged up in 2025, condo sales dropped further.
Bad-Joke Housing CPIs, Absurd Health Insurance CPI Still Mar Today’s CPI Report, Repress Year-over-Year CPI Inflation by Wolf Richter • Jan 13, 2026 • 209 Comments My frustration is boiling over. This is very serious. A lot depends on halfway accurate CPI inflation readings.
Household Money-Market Funds & Large CDs Hit Records despite Lower Yields. But Sorry, It’s Not “Cash on the Sidelines” by Wolf Richter • Jan 12, 2026 • 66 Comments Their balances ballooned even as prices of stocks, gold, silver, et al. surged to records. Everything surged. Almost.
Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank by Wolf Richter • Jan 12, 2026 • 198 Comments Trump claims he didn’t know anything about it.
Home Prices in the Largest Countries of Europe: Splendid Housing Bubbles in Some, Prices back to 2010 in Others by Wolf Richter • Jan 10, 2026 • 49 Comments Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal, Hungary, Bulgaria.
Job Growth in the Private-Sector, Massive Job Losses at Federal & State Governments in H2 2025 by Wolf Richter • Jan 9, 2026 • 62 Comments The Fed should look at private-sector employment. Layoffs at the government are a political decision, not the result of economic weakness.
Fed Balance Sheet Drops by $67 Billion for the Week by Wolf Richter • Jan 8, 2026 • 45 Comments Standing Repo Facility -$75 billion to zero, Reserve Management Purchases +$8 billion: The year-end liquidity shifts have settled down.
Trade Deficit Drops to Least Terrible Level since 2009, upon which Atlanta Fed GDPNow Doubles Q4 GDP Forecast to +5.4% by Wolf Richter • Jan 8, 2026 • 37 Comments The GDPNow algo is to be taken with a teaspoon of salt, but it shows that a big improvement of the trade deficit pushes up GDP growth.
ADP Employment Report: +41,000, Mostly at Medium-Size Companies. Small Companies Had First Payroll Gain in 5 Months by Wolf Richter • Jan 7, 2026 • 22 Comments Private-sector job growth slowed to a crawl in the second half.
Ugly Charts of US Auto Sales, 2025: Stellantis, Nissan Flirt with Catastrophe. GM, Ford, Honda Sales Rise but far below Peaks. Toyota & Hyundai-Kia Set Records by Wolf Richter • Jan 6, 2026 • 135 Comments New-vehicle sales in 2025 rise barely above 1986: Four decades of structural stagnation, plunges, and partial recoveries.
Bank of Japan’s QT Cuts $502 billion from Balance Sheet. JGB Yields Surge as BOJ Steps away from Bond Market by Wolf Richter • Jan 6, 2026 • 22 Comments Japanese Government Bond 10-year yield rose to 20-year high of 2.13%, 30-year yield hit 3.50%.
Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 billion on the Last Balance Sheet as Yearend Liquidity Turmoil Dissolves by Wolf Richter • Jan 5, 2026 • 26 Comments The Fed’s weekly balance sheet on Thursday will show a substantial drop in total assets.
“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share Drops to Lowest since Q4 2020 by Wolf Richter • Jan 3, 2026 • 109 Comments Slowly unwinding a phenomenon that wrecked the housing market.
