Wolf Richter on Construction Disruption, Topped Off by: “What Keeps You Awake at Night” by Wolf Richter • Aug 18, 2024 • 79 Comments AI’s feared impact on CRE, the financialization of everything, including CRE, factory construction, supply chains, pricing pressures for automakers…
A Big Week for Stocks, a Huge 7 Days for Nvidia (+26%), after the Battering They’d Taken by Wolf Richter • Aug 16, 2024 • 121 Comments Much of the heavy lifting of these mindboggling amounts was done in two trading days.
Plunge of Single-Family Construction Starts in July Was Huge Outlier. See Hurricane Beryl. Multifamily Jumped 45% from March Low despite CRE Depression by Wolf Richter • Aug 16, 2024 • 43 Comments What we’re worried about and what we’re not worried about.
These Retail Sales, in Face of Dropping Prices of Goods Retailers Sell, Support Solid Growth in “Real” GDP & Inflation-Adjusted Consumer Spending by Wolf Richter • Aug 15, 2024 • 147 Comments Our Drunken Sailors are in No Mood to slow down. Massive waves of migrants also boost retail sales.
Most Splendid Housing Bubbles in Canada, July 2024 – Toronto, Vancouver, Victoria, Ottawa, Calgary, Montreal, Edmonton, Quebec, Winnipeg: Market “Hits Pause” Despite 2 Rate Cuts by Wolf Richter • Aug 15, 2024 • 41 Comments Toronto single-family prices -15% from peak, condos at multiyear lows. Calgary & Quebec City reach new highs.
Beneath the Skin of CPI Inflation: Broad Month-to-Month Acceleration, Services CPI Bounces Back from Outlier, Plunge in Durable Goods Prices Slows by Wolf Richter • Aug 14, 2024 • 208 Comments Housing CPI re-surged in July from the June outlier.
Services PPI & Core PPI YoY Were Pushed Down by Extreme Base Effect That’ll Flip Next Month for Rest of 2024 by Wolf Richter • Aug 13, 2024 • 109 Comments The whiplash-inducing month-to-month services PPI fell in July after hot readings in prior months. Core goods PPI is well-behaved.
B. Riley Financial Collapses 52% Today, -91% in 2.5 Years since Peak Consensual Hallucination by Wolf Richter • Aug 12, 2024 • 52 Comments It dumped on already puking shareholders a surprise disclosure of huge losses that exceed its capital, amid reports of widening SEC investigation.
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
Credit Card “Delinquency Rates” Drop for 4th Month despite Confusion over NY Fed’s “Transition into Delinquency Rates” by Wolf Richter • Aug 9, 2024 • 84 Comments Measuring a level at month-end versus a flow over the past 12 months: Descend with us into delinquency geekdom.
