Why Walgreens is in Trouble in San Francisco and is Closing Some Stores: It’s Not Shoplifting, that’s an Artful Distraction from the Real Reasons by Wolf Richter • Oct 23, 2021 • 234 Comments Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
How China’s Model of Dictated Economic Growth Blew Up by Wolf Richter • Oct 22, 2021 • 178 Comments The debt-fueled property & construction bubble that drove its growth turns into a huge explosive mess with an enormous amount of debt.
While the Fed Still Fuels the Fire, the Bank of Russia Throws Shock-and-Awe Rate Hikes at Raging “Persistent” Inflation, But US Inflation Not Far Below Russia’s by Wolf Richter • Oct 22, 2021 • 154 Comments These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
Afterhours Massacre: Intel Plunges 9% for Other Reasons, Snap Collapses 25%, Takes Down Facebook, Twitter, Pinterest, Google by Wolf Richter • Oct 21, 2021 • 167 Comments The Everything Shortage worms into social media and internet advertising. Facebook and Google better walk that back pronto.
Fear of Rising Mortgage Rates Meets Fizzling Pandemic-Frenzy? Prices of Existing Homes Fall for 3rd Month. But, But, But… by Wolf Richter • Oct 21, 2021 • 99 Comments Maybe house-flipper Zillow saw something in its data when it decided to stop buying houses.
“Wage Pressures,” “Robust Wage Growth,” “Wage Inflation,” even “Wage War” Plastered All Over Fed’s Beige Book by Wolf Richter • Oct 20, 2021 • 148 Comments Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
The “Everything Shortage”: Why Is Everything so Expensive & out of Stock? by Wolf Richter • Oct 20, 2021 • 143 Comments My take on a massive mess.
10-Year Yield Jumped to 1.66% as Fed’s Waller Got Hawkish, Shredded Inflation Indexes that Strip out Food, Energy & Outliers, Put Faster Taper & Sooner Rate Hikes on Table by Wolf Richter • Oct 19, 2021 • 136 Comments “Greatly concerned” that inflation “will not prove temporary.”
What P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked by Wolf Richter • Oct 19, 2021 • 152 Comments Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script by Wolf Richter • Oct 18, 2021 • 141 Comments Industrial production over the long term is a sad sight, powered by offshoring.
