WOOSH, Shock-and-Awe Loss of Dollar Purchasing Power Hits Americans. Worst Inflation in 40 Years. Getting it Under Control Will Be a Bitch by Wolf Richter • Dec 10, 2021 • 508 Comments Inflation for Urban Wage Earners & Clerical Workers (CPI-W) = 7.6%. Fed is still pouring fuel on the raging fire. Most reckless Fed ever.
Central Banks in Latin America’s Largest Economies Grapple with Raging Inflation: Brazil with Shock & Awe, Mexico Eyeing the Fed by Wolf Richter • Dec 9, 2021 • 182 Comments In the US, raging inflation is not far behind. But the Fed is still recklessly pouring fuel on it.
Labor Shortages Worsen, Companies Poach Workers from Each Other amid Massive Churn by Wolf Richter • Dec 8, 2021 • 221 Comments Job arbitrage in a labor market where workers have more power than before.
Biggest Mess I’ve Ever Seen: Used-Vehicle Wholesale Prices Spike to Ridiculousness. Just Wait till they Hit CPI Again by Wolf Richter • Dec 7, 2021 • 206 Comments Supply suddenly jumps, Thanksgiving weekend gets credited.
Social Security COLA Calculations May Get Changed to CPI-E as Part of the Reform Bill. What Does it Mean for Retirees? by Wolf Richter • Dec 6, 2021 • 164 Comments Watch out for the costs of housing, medical care, and gasoline.
Mayhem Beneath the Surface of the Stock Market by Wolf Richter • Dec 5, 2021 • 282 Comments But on the surface, stocks still look hunky-dory.
Will Inflation Be Allowed to Run Wild? What a Crackdown on Inflation Will Do to Stocks, Bonds & Housing at these Prices by Wolf Richter • Dec 4, 2021 • 212 Comments With widespread, massive, and entrenched inflation, there is no soft landing.
People Balk at Regular Old Grind, Strike Out on the Own by Wolf Richter • Dec 3, 2021 • 167 Comments Number of Workers Jumps by Massive 1.14 Million in Nov as People Strike Out on Their Own. But Employers Can’t Fill Vacancies.
DocuSign, Worth $46 billion at 4 p.m., Plunges 30% Afterhours as “the Environment Shifted More Quickly than We Anticipated” by Wolf Richter • Dec 2, 2021 • 104 Comments At the tippy top of the greatest bubble ever, all kinds of stuff can happen.
Crushed Auto Sales, No Problem: Nov. was Most Profitable Month Ever for New Vehicle Sales as Americans Paid Whatever by Wolf Richter • Dec 2, 2021 • 166 Comments Thousands of dollars over sticker? I just don’t get this. Something big has changed in the brains of enough (but certainly not all) Americans.
