Construction Spending Ticks up, Non-Residential Hits Record, Residential Stalls after Blistering Boom by Wolf Richter • Oct 3, 2022 • 27 Comments Office construction wobbles along at much lower levels, amid a glut of vacant offices.
Big Tech Stocks Plunge with Spooky Parallels to Dotcom Bust: -25% to -66% from Highs so Far by Wolf Richter • Oct 2, 2022 • 174 Comments But the market is due for a bounce, according to the WOLF STREET dictum that “Nothing Goes to Heck in a Straight Line.”
UK Credit Market & Pension Panic, How Far Will the Fed Go, Upheaval in New Car & Truck Demand, Buyers’ Strike for Used Vehicles, and Housing Downturns in the US & Canada by Wolf Richter • Oct 1, 2022 • 100 Comments Wolf Richter on “This Week in Money.”
Flush with Pandemic Cash & Tax Revenues, States, Cities Throw Money Around. Congress too. Is it a Surprise Consumers Outspent this Raging Inflation? by Wolf Richter • Sep 30, 2022 • 131 Comments The Fed, which is trying to slow demand to tamp down on consumer price inflation, gnashes its teeth.
Fed’s Favored Inflation Index Says: Underlying Inflation Just Isn’t Slowing Down at All by Wolf Richter • Sep 30, 2022 • 140 Comments Everyone wants to know when inflation is finally going to cry uncle.
Eurozone Inflation Spikes to 10%, Ex Energy 6.4%. Germany 10.9%. From Temporary Inflation mid-2021 to Runaway Inflation by Wolf Richter • Sep 30, 2022 • 77 Comments This inflation shock finally goosed the ECB out of its reckless NIRP policies.
Amazon to Close 4 of its 5 US Call Centers, Shifts to Work-from-Home, after Closing 44 Warehouses, Halting Construction on 7 Office Towers by Wolf Richter • Sep 29, 2022 • 124 Comments The giant’s footprint reduction to cut costs sinks Commercial Real Estate.
Laid-Off Workers Hired Quickly by Other Companies: This Labor Market Is Astonishingly Strong, Fuel for Fed Inflation Worries by Wolf Richter • Sep 29, 2022 • 145 Comments It’s already playing a key role in every one of Powell’s press conferences.
SPAC Bamboozle Keeps on Giving: Stock Shredded, Low on Cash, Layoffs Underway, Volta Goes after Government Subsidies for EV Charging Stations by Wolf Richter • Sep 28, 2022 • 94 Comments The model of “growth at all cost” has been taken out to the dump.
UK Chaos Economics: Fretting over “Financial Stability” & “Contagion” after Gilts Plunged, Bank of England Buys Bonds by Wolf Richter • Sep 28, 2022 • 262 Comments It wasn’t big hedge funds that blew up, but £1.5 trillion in leveraged pension funds. BoE stepped in to bail them out and prevent further contagion.
