How the CPI “Weights” Changed and Moved CPI: Meet the Surprises by Wolf Richter • Feb 21, 2023 • 91 Comments In numbers and charts: The weight changes in the major CPI categories pushed up overall CPI.
How Many People Were Actually Laid Off So Far in California? The Counties & Companies with the Biggest Layoffs by Wolf Richter • Feb 20, 2023 • 124 Comments Still not many layoffs, but concentrated in the San Francisco Bay Area. Workers found new jobs quickly, and employment in California still rose.
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.
