New Vehicle Sales Slammed by Semiconductor Shortage, Record Low Inventories, Beginnings of Buyers’ Strike by Wolf Richter • Aug 4, 2021 • 2 Comments Frustrated by lack of choice and puffed-up prices, many customers walked.
Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 4, 2021 • 105 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos by Wolf Richter • Aug 3, 2021 • 184 Comments Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
After Upending the Global Oil Industry & Losing their Shirts, Shale Oil Drillers & Battered Investors Go for Price by Wolf Richter • Aug 3, 2021 • 50 Comments Imports from OPEC reduced to irrelevancy.
Fracking Suddenly a True Believer in “Discipline?” US Natural Gas Net Exports Hit Record, Prices Jump as Production Stalls by Wolf Richter • Aug 2, 2021 • 82 Comments Subsidized by investors who lost their shirts, cheap natural gas was a huge benefit to the US economy for years.
THE WOLF STREET REPORT: Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 1, 2021 • 181 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
People Made Heroic Efforts to Spend. Inflation Ate Their Lunch by Wolf Richter • Jul 30, 2021 • 255 Comments The big shift from durable goods to services is underway.
Fed’s Lowest Lowball Inflation Measure “Core PCE” Spikes Further. Highest 3-Month Rate since 1982 by Wolf Richter • Jul 30, 2021 • 146 Comments “Way above target”: Fed Chair Jerome Powell.
Steamy Rent Inflation in Single-Family Suburban Houses: Invitation Homes Jacks Up Rents Big Time on its 80,000 Houses by Wolf Richter • Jul 30, 2021 • 208 Comments It isn’t buying whole neighborhoods; it’s buying whole new subdivisions of built-to-rent houses.
Socked by 6.4% Inflation, Record Trade Deficit, Inventory Shortages, and Drop in Government Spending, “Real” GDP Jumps Disappointingly by Wolf Richter • Jul 29, 2021 • 182 Comments Inflation ate my homework: All this stimulus, so little to show for.
