Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land by Wolf Richter • Jul 27, 2025 • 113 Comments There are exceptions: Parts of commercial real estate are in a depression, and the housing resale market has frozen.
Treasury Market Sees No Rate Cut by Sept., 30-Year Treasury Yield Near 5%: The Yield Curve and “Real” Mortgage Rates by Wolf Richter • Jul 25, 2025 • 104 Comments At the long end, the bond market is nervous.
Inventory of New Single-Family Homes Spikes to Highest since 2007; in the South, Shoots Past Housing Bust High. Sales and Prices Drop by Wolf Richter • Jul 24, 2025 • 102 Comments Homebuilders cut prices, bring on supply; profits plunge back to earth. Medicine this overpriced housing market needs.
Single-Family Home Sales Drop Below 1995, Supply Highest since 2016. Condo Sales at Low in the Data, Supply at Housing Bust Level by Wolf Richter • Jul 23, 2025 • 153 Comments After the price explosion comes the hangover.
The 10 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-9% to -23%) from Peak through June by Wolf Richter • Jul 22, 2025 • 37 Comments Austin, Oakland, New Orleans, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, and Phoenix.
GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks by Wolf Richter • Jul 22, 2025 • 99 Comments Good news for the US economy, but not for the stock; shares tanked 8%.
Where Americans Spend their Trillions a Year on Goods and How that Changed Over Time by Wolf Richter • Jul 21, 2025 • 80 Comments Where they spend has changed dramatically, with only two winners that gained share among the retailer categories. The rest lost share, some are getting wiped out.
The 19 Bigger Cities with the Biggest Price Declines of Condos (-12% to -24% from Peak through June) by Wolf Richter • Jul 19, 2025 • 43 Comments Oakland, Austin, San Francisco, Denver, Tampa, Seattle, Saint Petersburg, Fort Myers, Sarasota, Boise, Jacksonville, Detroit, New Orleans, Portland, Arlington, Naples, Mesa, Aurora, Reno.
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July 2025 Update by Wolf Richter • Jul 18, 2025 • 91 Comments US Treasury debt surged by $441 billion since the debt ceiling, to $36.7 trillion. Foreign demand for this stuff is an increasingly important issue.
My Thoughts about those June Retail Sales by Wolf Richter • Jul 17, 2025 • 97 Comments Tariff-frontrunning ruffled the numbers earlier. That dust has settled.
