Consumers Pay Whatever it Takes, Vehicle Prices Go Nuts, Dealers Make Record Profits, Whole Mindset Changed. Is This Inflation Temporary? by Wolf Richter • Jun 30, 2021 • 262 Comments The used vehicle price spike will subside, partially, but the psychological aspects of inflation have set in.
Fed’s Reverse Repos Spike to $1 Trillion. Cash Drain Undoes 8 Months of QE by Wolf Richter • Jun 30, 2021 • 139 Comments Giant sucking sound of cash.
The Most Splendid Housing Bubbles in America: Holy Moly. June Update by Wolf Richter • Jun 29, 2021 • 488 Comments What we’re looking at: Raging House-Price Inflation.
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory,” Warns of Possible Shock-and-Awe Rate Hike by Wolf Richter • Jun 28, 2021 • 165 Comments US Inflation is almost as hot as in Russia, but the Fed is still blowing it off.
Anatomy of San Francisco Now: Fewer People, Jobs, Tourists, & Businesses, But More Spending by the Hangers-on (But that Was Inflation) by Wolf Richter • Jun 27, 2021 • 162 Comments The recovery as it were, after everything went to heck but didn’t.
Pay More, Get Less: Consumer Income & Spending Chewed Up by Red-Hot Inflation by Wolf Richter • Jun 25, 2021 • 184 Comments Inflation ate my homework?
Fed’s Lowest Lowball Inflation Gauge “Core PCE” Spikes Most Since 1983 by Wolf Richter • Jun 25, 2021 • 109 Comments There are whole generations who never experienced this type of inflation, this type of destruction of the dollar’s purchasing power
Is this the Reversal of Exodus-Triggered Plunges & Spikes of Rents? Mmmm-maybe by Wolf Richter • Jun 24, 2021 • 113 Comments Price discovery in uncertain times.
Central Banks Did it, Won’t Admit it. Top OECD Housing Bubbles: #1 New Zealand, #2 Canada, #7 USA by Wolf Richter • Jun 24, 2021 • 165 Comments According to “Bubble Ranking” by Bloomberg Economics.
The Breathtaking Collapse of Retail Rents in Manhattan, Year 7 by Wolf Richter • Jun 23, 2021 • 99 Comments Retailers willing to battle ecommerce will find “ample availability” – shuttered stores dotting the sidewalks – and much lower but still very high rents.