Suddenly Hawkish Bank of Canada Ends QE, Moves Rate Hikes Forward. 1-Year and 2-Year Yields Spike by Wolf Richter • Oct 27, 2021 • 101 Comments Spooked by inflation not being temporary.
Rents Spiked 10% to 25% in Half the Cities in October: How it’ll Push Up CPI Next Year, Ridiculing Fed’s “Transitory” Inflation by Wolf Richter • Oct 27, 2021 • 85 Comments Everywhere but San Francisco? Only 11 of the 100 largest cities showed any year-over-year rent declines at all.
House Construction Costs Spike Most since 1979 amid Materials Shortages. Unfinished Houses Pile Up, Total Inventory Highest since 2008. Prices Spike as Lower End Dies by Wolf Richter • Oct 26, 2021 • 121 Comments A peek into the glass and windows shortage.
Tesla’s Market Cap (Gigantic) v. Next 10 Automakers v. Tesla’s Global Market Share (Minuscule) by Wolf Richter • Oct 26, 2021 • 154 Comments It’s a ridiculous comparison, but hey, the CEO walks on water.
Tesla Rental Deal is Propaganda Coup for Hertz’s “Selling Shareholders” & for Tesla. But Rental Fleets Are Low-Quality Sales Automakers Don’t Tout by Wolf Richter • Oct 25, 2021 • 155 Comments Hertz +10% ahead of share offering, Tesla +13%. But why does Tesla get into low-margin rental fleet sales if there’s strong retail demand?
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.
