Housing Bubble Getting Ready to Pop: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices by Wolf Richter • May 18, 2022 • 263 Comments “Recent stock market volatility” catches some of the blame.
Americans Are in a Sour Mood, But it Didn’t Dampen their Spending: Splurging at Retailers, Especially Some Retailers by Wolf Richter • May 17, 2022 • 191 Comments Retail Therapy at Bars & Restaurants, Cannabis Stores, and Ecommerce? Other retailers not so lucky.
Gasoline Spikes to Record $4.49, Just in Time for Summer Driving Season. Crude Oil Jumps. Not going to Help CPI in May by Wolf Richter • May 16, 2022 • 194 Comments Make that $6.55 for regular at my San Francisco gas station from heck.
My List of 23 Major US Office Markets, by Vacancy Rates Ranging from Abysmal to Just Terrible by Wolf Richter • May 16, 2022 • 111 Comments Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.
That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2 by Wolf Richter • May 15, 2022 • 172 Comments In details and charts.
Housing Bubble Getting Ready to Pop, Used Cars Already Popped, and Inflation Goes Global by Wolf Richter • May 15, 2022 • 268 Comments Wolf Richter with Kerry Lutz on the Financial Survival Network.
Massive Stock Market Leverage Unwinds amid Brutal Bloodletting by Wolf Richter • May 13, 2022 • 271 Comments Margin debt started dropping a month before the Nasdaq went south, and it’s still dropping.
Huge Percentage Gains — “Robinhood Soars 25%,” “Coinbase Soars 35%.” But You Can Barely See it on the Stairway to Heck by Wolf Richter • May 13, 2022 • 104 Comments This is now a common phenomenon with these Imploded Stocks.
Signs of a Downshift in the Freight Cycle, Trucking, and Demand by Wolf Richter • May 12, 2022 • 56 Comments Amid constraints, shortages, and spiking diesel prices, freight volume slows, capacity opens up, freight rates may have peaked.
Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos? by Wolf Richter • May 11, 2022 • 349 Comments You’re just “unsecured creditors” if we file for bankruptcy. But hey, CEO tweets: “We have no risk of bankruptcy.”
