Recession Mongers Shocked & Horrified by this Surge in Employment by Wolf Richter • Aug 5, 2022 • 165 Comments They’re praying for a recession to “force” the Fed to pivot. But it’s tough to have an official recession with employment growing, wages surging.
Fed’s QT: Total Assets Drop by $91 Billion from Peak (QE created money, QT Destroys Money) by Wolf Richter • Aug 4, 2022 • 168 Comments What the Fed did in details and charts.
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
People Trying to Dodge Legal Usury: Credit Card Balances, Delinquencies, Third-Party Collections, and Bankruptcies in Q2 by Wolf Richter • Aug 3, 2022 • 105 Comments Buy-Now-Pay-Later (BNPL) Lenders Face Tougher Reality.
Markets Are “Fighting the Fed” by Wolf Richter • Aug 3, 2022 • 259 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low by Wolf Richter • Aug 2, 2022 • 68 Comments The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
Layoffs, Discharges, Quits, Job Openings, and Hires: Still Massive Churn & Job Hopping, but Losing Some Steam by Wolf Richter • Aug 2, 2022 • 87 Comments Weirdest labor market ever gets a little less weird.
SPAC Zombie Mergers: Nikola, Whose Shares Collapsed 92%, Buys Battery-Pack Maker Romeo whose Shares Collapsed 98% by Wolf Richter • Aug 1, 2022 • 94 Comments Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
Australia’s Housing Downturn Accelerates: In Sydney, Sharpest Price Drops “in Almost 40 Years” by Wolf Richter • Aug 1, 2022 • 65 Comments Sales volume plunged in Sydney and Melbourne. Rate hikes bite, yet the Reserve Bank of Australia just started hiking.
THE WOLF STREET REPORT: Markets Are “Fighting the Fed” by Wolf Richter • Jul 31, 2022 • 317 Comments One of the most important dictums in finance is this: “Don’t fight the Fed.” And this could get ugly.
