On-Time Rent Payments Sag amid Massive Spike in Rents by Wolf Richter • Feb 11, 2022 • 199 Comments I mean, who would have thought?
Mortgage Rates Hit 4.02%. Two-Year Yield Spikes by Most since 2009. Ten-Year Yield Goes over 2%. All Heck Breaks Loose by Wolf Richter • Feb 10, 2022 • 240 Comments Yields and rate-hike expectations spike. A rate hike now?
WHOOSH Goes the Dollar’s Purchasing Power in January as Inflation Now Infests Services by Wolf Richter • Feb 10, 2022 • 278 Comments Inflation is burning out of control, but the Fed is still pouring fuel on it. You can no longer just blame supply chains. This is far bigger.
It Only Took $11 Trillion in Free Money plus Forbearance & Eviction Bans to Perform this Miracle on Delinquencies, Foreclosures, Third-Party Collections, and Bankruptcies by Wolf Richter • Feb 9, 2022 • 234 Comments One more reason why the Fed isn’t “trapped.” And the banks came out ahead.
US Trade Deficit Exploded in 2021: The Price of 30 Years of Rampant Globalization by Wolf Richter • Feb 8, 2022 • 202 Comments The US still exports a lot of stuff — record amounts. But it drowns under a tsunami of imports. And the services surplus fizzled.
Used Vehicle Prices Finally Hit Resistance, at Ridiculous Levels by Wolf Richter • Feb 8, 2022 • 149 Comments We noted the softening beneath the surface in the prior two months. In January, we saw it creep to the surface. And there’s plenty of supply.
Americans Borrowed More to Buy Much Less: What Happened with Auto Loans Is Truly Amazing by Wolf Richter • Feb 7, 2022 • 192 Comments Undeterred by spiking prices and shortages.
“Bad Time to Buy a Home” Hits Record Worst (Fannie Mae), as Home Sales Drop. Younger People Particularly Frustrated by Wolf Richter • Feb 7, 2022 • 207 Comments More milestones amid the mind-boggling milestones of our crazy times.
Can the US Government Afford Higher Interest Rates? You Bet. $67 Trillion “Fixed Income” Assets Will Generate Higher Incomes & Tax Revenues, Boost Secondary Effects by Wolf Richter • Feb 6, 2022 • 328 Comments Bring them on. Financial Repression has a huge cost.
Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number? by Wolf Richter • Feb 5, 2022 • 243 Comments Fed’s coming tightening cycle sinks in, amid still brutally negative “real” yields, as bonds’ purchasing power gets eaten up by inflation.
