Gasoline Spikes to Nearly $5 US Average, Diesel to $5.70. Crude Oil WTI Jumps to $119. Inflation Not in the Mood of Peaking Yet by Wolf Richter • Jun 6, 2022 • 207 Comments San Francisco regular hit $6.34 on average; at Wolf’s gas station from heck, it hit $6.79, premium at $7.00.
Container Ship Wait-Times at Shanghai Fall, Still High. Container Freight Rates Drop, Still 4x of 2019: “Stabilization of Supply Chain Pressures at Historically High Levels” by Wolf Richter • Jun 6, 2022 • 33 Comments Supply chains improve from catastrophically stressed to just very stressed.
THE WOLF STREET REPORT: Dotcom Bust 2, New & Improved by Wolf Richter • Jun 5, 2022 • 174 Comments But we’ve had it so good for so long. And it was so easy, and it made everyone look like a genius.
What I think Musk Did, Genius Manipulator he is, by Threatening to Decimate Tesla’s Salaried Staff & Management while Increasing Headcount of Factory Workers by Wolf Richter • Jun 3, 2022 • 270 Comments He has a rebellion over WFH on his hands, not a demand problem for EVs, and is knuckling them into submission.
These Jobs Reports Are Not Good for Stocks by Wolf Richter • Jun 3, 2022 • 160 Comments And the Fed can see the budding Wage-Price Spiral too.
Suddenly Here Comes the Inventory: Homes Listed for Sale Jump amid Price Reductions and Sagging Sales by Wolf Richter • Jun 2, 2022 • 227 Comments The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.
Tech Bust Takes Next Step: Layoffs & Hiring Freezes by Wolf Richter • Jun 2, 2022 • 127 Comments Dotcom Bust 2 has begun. Only bigger. (Transcript from the podcast).
Crude Steel Production in 2021 Shifted from China to Other Countries amid Supply Chain Chaos: US Production Spiked 15% by Wolf Richter • Jun 1, 2022 • 55 Comments China still produced more crude steel than the rest of the world combined. Just a baby step, but a huge change in direction.
First Big Drops in Astronomical Job Openings in Key Sectors, But Spikes to Record in Manufacturing & Construction by Wolf Richter • Jun 1, 2022 • 114 Comments Layoffs at record low, “quits” near record high with huge number of “hires,” amid massive churn as people go job-hopping.
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rates by Wolf Richter • May 31, 2022 • 282 Comments Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike.
