A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
The 2021 Creatures of Goldman Sachs: its IPOs, SPACs, Direct Listings Are Imploding after Bonuses Spiked to a Record by Wolf Richter • Apr 18, 2022 • 110 Comments They sure made hay while the sun was shining.
Margin Debt Drops Further amid Imploded Highfliers & Broad Stock Market Sell-Off: Not a Good Sign for Stocks by Wolf Richter • Apr 18, 2022 • 136 Comments There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? by Wolf Richter • Apr 17, 2022 • 172 Comments There’s some demand destruction. But oil bounced again already. Gasoline might be next. My guess is a long-drawn-out zigzag higher.
After Blowing $328 Billion on Share Buybacks since 2017, JPMorgan, BofA, Wells Fargo, Citi, Goldman Sachs Stocks Drop by Wolf Richter • Apr 15, 2022 • 175 Comments Q1 was crappy as IPOs imploded, investment banking took a hit, mortgage activity fizzled, other stuff happened.
Retail Sales v. Raging Inflation, Stimulus Miracle March, and the Red-Hot Shift to Services by Wolf Richter • Apr 14, 2022 • 212 Comments It’s rough out there in multiple ways.
Front-Running the Fed: Bank of Canada Hikes 50 Basis Points to 1.0%, Starts Official QT. Unofficial QT Already Shrank Assets by 15% by Wolf Richter • Apr 13, 2022 • 219 Comments “The economy can handle higher interest rates, and they are needed.” The BoC is way behind the curve, but way ahead of the Fed.
Inflation Nightmare Keeps Getting Worse: Producer Prices Break Out. Inflationary Mindset Rules by Wolf Richter • Apr 13, 2022 • 206 Comments Services PPI and Core PPI spike.
CarMax Reported, Shares Plunged Further. Shares of Online Used-Car Startups Vroom, Carvana, and Shift Already Collapsed by Wolf Richter • Apr 12, 2022 • 107 Comments CarMax ran into resistance against ridiculous prices. The used-car startups face an existential crisis. Vroom shares collapsed 97%.
WHOOSH, Dollar’s Purchasing Power Goes to Heck as Services Inflation Takes Off, Food Spikes, Energy Explodes, But Used Cars Finally Stall by Wolf Richter • Apr 12, 2022 • 266 Comments The Fed is still pumping fuel on the fire.
