Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck by Wolf Richter • May 11, 2022 • 139 Comments Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.
Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections, and Bankruptcies by Wolf Richter • May 10, 2022 • 259 Comments But the first upticks in delinquencies from breath-taking record lows are cropping up.
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil by Wolf Richter • May 9, 2022 • 177 Comments Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset.
Massacre Just Doesn’t Let Up: Another IPO Stock Kathoomphed 43% Afterhours: -90% from High by Wolf Richter • May 9, 2022 • 86 Comments In October, Upstart was worth $35 billion, according to the collective idiocy of the hype-and-hoopla stock market. Now down to $3.6 billion.
Palantir, like Hundreds of Startups Designed to Lose Money and Bamboozle Investors, Runs out of Bamboozle: -84% from High by Wolf Richter • May 9, 2022 • 151 Comments Those that believed the hype and hoopla and didn’t get out in time got thackamuffled.
Did the Fed Wait Too Long, Is the Stock Market Correction Over, Where’s the Fed Put, What’s the Psychological Effect on the Housing Market, and Will there Be Food Shortages? by Wolf Richter • May 8, 2022 • 170 Comments My take also on the strength of the dollar and the impact of fuel prices on the economy.
Holy-Moly Mortgage Rates Hit 5.64%, 10-Year Treasury Yield 3.12%, Long-Term Treasury Bond Fund Gets Massacred by Wolf Richter • May 7, 2022 • 306 Comments So the Fed Gets Ready to Walk Away from the Bond Market, and All Kinds of Stuff Happens.
State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation by Wolf Richter • May 6, 2022 • 132 Comments Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.
Complexities of a Messed-Up Labor Market: Why a Crackdown on Inflation Might Bring People Back into the Labor Force by Wolf Richter • May 6, 2022 • 129 Comments Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.
Massacre of the Online Retail Stocks Amazon, eBay, Wayfair, Etsy, Shopify, Chewy, The Honest Co., as Folks Shift Spending from Goods Back to Services by Wolf Richter • May 5, 2022 • 243 Comments On crappy earnings and lowered guidance, many of these highflyer stocks kathoomphed -70% to -85% from highs last year.
