Top 10 Share-Buyback Queens – Big Tech except Intel, Big Banks except Wells Fargo, Buffett – Incinerate Most Cash Ever in Q2. The Rest Lags by Wolf Richter • Sep 25, 2021 • 137 Comments Funded by Debt: Since 2012, share buybacks totaled $5.5 trillion, corporate debt soared by $4.7 trillion.
Unfinished Houses for Sale Pile Up, Total Inventory Highest since 2008, amid Material Shortages & Worst Spike in Construction Costs since 1979 by Wolf Richter • Sep 24, 2021 • 253 Comments Sales of new single-family houses fall 24% from a year ago. The lower end has died.
10-Year Yield Jumps to 1.43% as Bond Market Reacts to what the Fed Said Yesterday about Tapering, Rate Hikes, and Inflation by Wolf Richter • Sep 23, 2021 • 170 Comments The Fed is getting nervous about inflation. “Temporary” doesn’t cut it anymore. And the bond market is getting a whiff of it.
As Overnight Reverse Repos Spike to Record $1.28 Trillion, Fed Doubles Per-Counterparty Limit, Keeps Adding Counterparties by Wolf Richter • Sep 22, 2021 • 147 Comments This mega-liquidity suck has mopped up cash amounting to 10 months of QE.
Home Sales Fall from Year Ago, Prices Down for 2nd Month, Price Reductions Jump: This “Deceleration” Despite Massively Negative Real Mortgage Rates by Wolf Richter • Sep 22, 2021 • 188 Comments But now the Fed is planning to end QE.
China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China by Wolf Richter • Sep 21, 2021 • 146 Comments The property sector and its debts are possibly the biggest financial mess in China’s history (transcript of my podcast).
THE WOLF STREET REPORT: China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China by Wolf Richter • Sep 19, 2021 • 237 Comments The property sector and its debts are possibly the biggest financial mess in China’s history.
World Runs Out of Weirdest Stuff: The WOLF STREET Beer Mug Shortage by Wolf Richter • Sep 18, 2021 • 160 Comments “Nothing Goes to Heck in a Straight Line,” except supply chains.
A Mess: Retail Inventory Shortages in Charts, Just in Time for Holiday Selling Season by Wolf Richter • Sep 17, 2021 • 100 Comments Stimulus-fueled blow-off demand spike meets messed-up supply and transportation chaos.
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike Forever by Wolf Richter • Sep 16, 2021 • 140 Comments Powered by price increases.
