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.
Today’s Jobs Report Solves Some Headscratcher Mysteries by Wolf Richter • Feb 4, 2022 • 155 Comments The Pandemic wreaked havoc on seasonal patterns; and “seasonally adjusted” numbers misfired. We knew that since mid-2020. Today some of it was resolved.
Global Tightening amid Raging Inflation: February Update by Wolf Richter • Feb 3, 2022 • 224 Comments Brazil and Russia caught up via shock-and-awe rate hikes. But most central banks fell further behind. Then there are the reckless laggards.
Incredibly Spiking US National Debt Hits Monstrous $30 Trillion by Wolf Richter • Feb 2, 2022 • 253 Comments And now the TGA is spiking again.
“The System Is Broken”: Boots-on-the-Ground View by a US Manufacturer on the Supply Chain Chaos by Wolf Richter • Feb 2, 2022 • 188 Comments “We are simply limited to what our suppliers tell us we can have. It really isn’t supposed to work this way!”
Layoffs, Quits, Hires, Job Openings: The Phenomenon of Labor Shortages and the Power-Shift from Employers to Workers by Wolf Richter • Feb 1, 2022 • 198 Comments Even Powell is now citing this mind-boggling data to justify tightening.
Dear Mr. Fed Chair Powell Sir, Rents Are Blowing Out and People are Hurting by Wolf Richter • Jan 31, 2022 • 408 Comments In 34 of the largest 100 cities, rents spiked by 15%-28%. Tenants get to pay for your reckless monetary policies that made the wealthy far wealthier.
Shares of Online Used-Car Dealers Vroom & Carvana Collapsed as Market Turned its Back on Money-Losing “Disruptors” by Wolf Richter • Jan 29, 2022 • 167 Comments That they lost gobs of money every year didn’t matter until suddenly it did. But now there’s a new challenge heading for them.
WHOOSH Goes the Fed’s Lowest Lowball Inflation Measure. And Eats Up All Income Gains Plus Some by Wolf Richter • Jan 28, 2022 • 308 Comments Powell should pay attention here so he’s better prepared at the next press conference when asked about the impact of inflation on regular Americans.
Year of Distortions, Shortages, Massive Inflation, Worst Trade Deficits Ever, and Hyper-Stimulated Growth Ends with a Bang by Wolf Richter • Jan 27, 2022 • 150 Comments But companies were finally able to rebuild some woefully low inventories.
