The Most Splendid Housing Bubbles in Canada as Bank of Canada Begins QT, Yields Spike by Wolf Richter • Feb 20, 2022 • 155 Comments Folks scrambled to lock in mortgage rates in the hottest markets, no matter what the price. But prices declined or were flat in 4 of the 11 largest markets.
EV Sales in California Spiked in 2021, Share Hit Nearly 10%. Legacy Automakers, Years Behind, Finally Put Heat on Tesla by Wolf Richter • Feb 19, 2022 • 226 Comments Electric utilities, mired in declining electricity sales since 2008, are praying for more EVs.
Margin Debt Plunged as Stocks Tumbled and High-Fliers Got Crushed. But Leverage Still Gigantic, Long Way to Go by Wolf Richter • Feb 18, 2022 • 176 Comments Biggest dollar-plunge ever and one of the biggest percentage-plunges.
Who Bought the $6.5 Trillion in Treasuries Piled on the Incredibly Spiking US Debt in 22 Months? Who Holds the $30 Trillion? by Wolf Richter • Feb 17, 2022 • 210 Comments The question is particularly hot because Treasuries are now ugly instruments with the worst punishment yields ever.
What are Vacant Office Towers Worth? Foreclosure Sales Show How Values of 1980s Office Towers in Houston Have Collapsed, Dishing out Huge Losses for CMBS by Wolf Richter • Feb 17, 2022 • 177 Comments The loans were securitized into CMBS in 2014. From hype to heck in 7 years. Other markets with office busts have something to stew over.
Americans Spent Money Like Drunken Sailors, But Did They Outspend the Raging Inflation in Durable & Nondurable Goods? Um, No by Wolf Richter • Feb 16, 2022 • 165 Comments Two elephants in retail: A historic spike in prices of goods and seasonal adjustments as the Pandemic upended seasonality.
When Will the Brutal Spike in Rents Drive Up CPI Inflation? How Much Will it Add to CPI? by Wolf Richter • Feb 15, 2022 • 207 Comments The numbers are already baked in and will show up over the next 24 months.
Even in Services, the Wholesale Price-Spike Is Now Relentlessly Red-Hot by Wolf Richter • Feb 15, 2022 • 120 Comments Heading toward the consumer’s wallet.
Now on the Fed’s Table: Sell Bonds Outright to Push Up Long-Term Yields, Steepen the Yield Curve, and Get Rid of MBS by Wolf Richter • Feb 14, 2022 • 249 Comments “It could be a bumpy time”: Kansas City Fed President.
What I See Ahead for the Chip Shortage & Used Car Prices. Bond Market Reacts to Inflation. The Inflection Point for Real Estate by Wolf Richter • Feb 14, 2022 • 89 Comments A once-in-a-life-time mess, at least in my lifetime.
