Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook by Wolf Richter • Feb 17, 2023 • 272 Comments Mostly taxpayers, not the banks.
San Francisco Bay Area Housing Market Crashes, Prices Plunge 35% from Crazy Peak: Where’s Demand Supposed to Come From? by Wolf Richter • Feb 17, 2023 • 244 Comments In the first 10 months of Housing Bust 2 (now), the median price plunged a lot faster than in the first 10 months of Housing Bust 1 (2007-11).
Where Households Are on their Credit Card Balances, Credit Limits, Available Credit, Delinquencies, and Collections by Wolf Richter • Feb 16, 2023 • 95 Comments Credit cards are used as payment method and mostly paid off monthly. But some people use them as borrowing method – and get in trouble.
The Most Splendid Housing Bubbles in Canada: February Update on the Housing Bust by Wolf Richter • Feb 16, 2023 • 114 Comments Hangover after a drunken party instigated by the Bank of Canada’s money-printing and interest-rate repression that turned buyers’ brains to mush.
Consumers in No Mood for a Landing: Retail Sales and Seasonal Adjustments by Wolf Richter • Feb 15, 2023 • 102 Comments “Not seasonally adjusted” sales plunged from the big record in December, but not as much as in pre-pandemic Januaries.
Annual Services Inflation Rages at New Four-Decade High, Monthly Overall CPI Hottest since June by Wolf Richter • Feb 14, 2023 • 179 Comments Price drops in durable goods stalled. Food and energy prices rose. Core CPI has jumped by 14.6% in two years.
Bond Market a Tad Antsy about Inflation Not Just Vanishing? One-Year Yield Nears 5%. Mortgage Rates Back at 6.5% by Wolf Richter • Feb 13, 2023 • 157 Comments “The equity market is refusing to accept this reality”: Morgan Stanley.
CPI Just Got Revised Higher for October through December. The Revisions Take a Bite out of “Disinflation” Hoopla by Wolf Richter • Feb 10, 2023 • 205 Comments Released Friday afternoon, the annual revisions by the BLS went in the wrong direction.
EV Sales Spiked in California. Share Hit 17%. ICE Vehicle Sales Plunged. First Uptick in Electricity Sales after 13 Years of Decline by Wolf Richter • Feb 10, 2023 • 1 Comment Camry was dethroned as perennial #1 by Tesla Model Y & Model 3. And finally a little growth for electric utilities.
SNB Cuts Holdings of All its Top 50 US Stocks in Q4: Apple Chopped by 8% since Q2. MSFT, GOOG, AMZN, TSLA, XOM, All by Wolf Richter • Feb 9, 2023 • 47 Comments Here is the list of the Swiss National Bank’s top 50 US stock holdings, and how much of each it dumped.
