Wage Growth Not Cooperating with Rosy Scenario of a Normalizing Labor Market by Wolf Richter • Dec 8, 2023 • 27 Comments Wages of production and non-supervisory employees accelerate for third month to 5% annualized. Turns out, the big drop in August was a head fake.
Fed Balance Sheet QT: -$1.23 Trillion from Peak, -$129 billion in November, to $7.74 Trillion, Lowest since April 2021 by Wolf Richter • Dec 7, 2023 • 108 Comments The Fed has now shed 29% of Treasuries it had added during pandemic QE.
Tesla Model Y is #2 US Bestseller in 2023 through Q3, Behind Perennial #1 Ford F-150, and Ahead of Toyota RAV4 by Wolf Richter • Dec 7, 2023 • 83 Comments Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out.
Subprime Comes Home to Roost for Specialized Auto Dealers, Lenders & Investors: Car-Mart Was Next to Confess by Wolf Richter • Dec 6, 2023 • 83 Comments Subprime is the mother lode of profits – until it isn’t.
“We Need a Recession…” But it’s Just Not Happening by Wolf Richter • Dec 6, 2023 • 49 Comments Wolf Richter on Adam Taggart’s “Thoughtful Money.”
Job Market Retightened in Some Industries, Loosened in Others: Layoffs & Discharges, Voluntary Quits, Job Openings, and Hires by Wolf Richter • Dec 5, 2023 • 133 Comments Job openings in construction near record; job market retightens in manufacturing and in business & professional services where many tech companies are.
Are the Headlines about Factory Orders Messing with us Again? by Wolf Richter • Dec 4, 2023 • 51 Comments The drop in new orders was off an all-time high, while unfilled orders rose to an all-time high. Orders by major category.
I Call them “Drunken Sailors,” But Are They? Can We Finally Get a Deal on a New or Used Vehicle? Is Inflation Moving in the Right Direction? And Other Stuff by Wolf Richter • Dec 4, 2023 • 14 Comments Wolf Richter on This Week in Money.
The Eyepopping Factory Construction Boom in the US by Wolf Richter • Dec 2, 2023 • 227 Comments The supply-chain catastrophe in 2020-2021, the edgy US-China relationship, and the scary dependence on China triggered a big corporate rethink.
Oh Deary, No, Our Drunken Sailors Did Not Suddenly Sober Up, on the Contrary by Wolf Richter • Dec 1, 2023 • 161 Comments They Out-Spent and Out-Earned inflation without breaking a sweat, and saved some too.
