Next Shoe Drops on Office Markets: State & Local Governments Dump Office Space amid Working-from-Home/Hybrid Model by Wolf Richter • Mar 20, 2022 • 161 Comments Office vacancy rates are already huge, foreclosures of office towers are piling up, and office attendance is still very low, everywhere.
Mortgage Rates Spike, Home Sales Drop for 7th Month, and Suddenly Here Come the New Listings by Wolf Richter • Mar 18, 2022 • 357 Comments But it doesn’t yet reflect the recent spike in mortgage rates to 4.5%.
The Most Splendid Housing Bubbles in Canada, March Update, amid Jumping Yields, Bank of Canada’s Rate Hike and QT by Wolf Richter • Mar 17, 2022 • 98 Comments Mad scramble to lock in rising mortgage rates? A few markets went raging-mania hog-wild. Others not so much. In two, prices dipped again.
How the Vehicle Production Nightmare Upended Everything and Why Automakers & Dealers Don’t Want the Old Ways Back by Wolf Richter • Mar 17, 2022 • 114 Comments But There’s No Shortage of Used Vehicles.
Gazillion Miles Behind the Curve, the Fed Gets Hawkish: More Rate Hikes, “Faster and Much Sooner” Quantitative Tightening by Wolf Richter • Mar 16, 2022 • 261 Comments The strong economy and labor market can “handle tighter monetary policy.”
Americans Make Huge Efforts to Keep up with Raging Prices by Wolf Richter • Mar 16, 2022 • 138 Comments Retail sales amid record worst inflation in durable goods and red-hot inflation in nondurable goods.
Rents for Single-Family Houses and Apartments Blow Out across the US: This Crazy-Hot Rent Inflation is a National Fiasco by Wolf Richter • Mar 15, 2022 • 229 Comments And it has nothing to do with supply chains. Dear Fed, go have a look at the fruits of your labor.
Producer Price Inflation Gets Entrenched at 10%, Worst Level in the Data by Wolf Richter • Mar 15, 2022 • 129 Comments Businesses are confident they can pass on higher prices, plus some, to consumers.
Diesel Spikes to $5.25, Gasoline to $4.32, in Historic Leaps. But Wait a Minute… Futures of Crude Oil & Gasoline Plunge by Wolf Richter • Mar 15, 2022 • 154 Comments Neck-breaker volatility in opposite directions in an unsettled market.
But Whose Money Evaporated when JP Morgan, BlackRock, Pimco, Calpers, Others Report Huge Losses on Russian Assets? by Wolf Richter • Mar 14, 2022 • 123 Comments OPM = Other People’s Money — namely from American and European retail investors and pension beneficiaries.
