Inflation Becomes a Political Bitch for Democrats as People’s Mood Sours amid Biggest Fed-Fueled Boom for the Wealthy by Wolf Richter • Nov 14, 2021 • 254 Comments Time to nominate some hawks to the Fed’s Board of Governors.
Car & Truck Insanity, Hamster Wheel of Work & Inflation, Do Price Controls Work? And Wading into Commercial Real Estate by Wolf Richter • Nov 13, 2021 • 102 Comments And much more. Wolf Richter on This Week in Money.
The Power of Labor: Record Churn & Quits among Workers as Employers Desperate to Fill Huge Number of Job Openings by Wolf Richter • Nov 12, 2021 • 195 Comments Millions of people are still watching this spectacle from the sidelines.
Status of Social Security and the Trust Fund, Fiscal 2021: Beware of Vicious Dog by Wolf Richter • Nov 11, 2021 • 141 Comments Biggest COLA since 1982 already eaten up by inflation.
Dollar Purchasing Power Plunges. Inflation +6.2%. For Urban Wage Earners +6.9%, Highest in 40 years, Most Monstrously Overstimulated Economy Ever. by Wolf Richter • Nov 10, 2021 • 251 Comments Fed still printing money & repressing “real” interest rates to -6%, new vehicle prices spike by most since 1975, housing CPI jumps, food & energy soar.
State of the American Debt Slaves: Foreclosure Bans, Forbearance, Delinquencies & Soaring Prices of Everything by Wolf Richter • Nov 9, 2021 • 111 Comments Home-price explosion pumps up mortgage debt.
Further up the Producer Price Pipeline, Inflation Rages at over 20%, Heading for Consumers by Wolf Richter • Nov 9, 2021 • 85 Comments Massive price increases now building up in the pipeline.
Americans Blow Off Fed Propaganda Inflation is “Temporary” by Wolf Richter • Nov 8, 2021 • 195 Comments Inflation expectations are now totally unanchored.
Used Vehicle Wholesale Prices Spiked by the Most Ever. Retail Prices to Follow by Wolf Richter • Nov 8, 2021 • 58 Comments Powered by the inflationary mindset, consumers pay whatever, and dealers aggressively bid up prices, confident that consumers will pay whatever.
What’s Happening with the Massive Delinquencies of FHA High Risk & Subprime Mortgages Now that Foreclosure Bans Ended? by Wolf Richter • Nov 7, 2021 • 190 Comments 8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.
