The Amazing Explosion of New Businesses Continues as Americans Strike Out on their Own by Wolf Richter • Oct 14, 2021 • 136 Comments And my 2 cents about the high “failure rates” of new businesses, being a small-business owner myself.
Dollar’s Purchasing Power Plunges Further, as Housing CPI Begins to Climb, Food & Energy Soar, New Vehicle Prices Spike by Wolf Richter • Oct 13, 2021 • 195 Comments CPI inflation highest since 2008 and 1991.
Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees by Wolf Richter • Oct 13, 2021 • 87 Comments For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly.
What the Record Spike in “Quits” Says about the Job Market, Inflation, and How Labor Gained Pricing Power by Wolf Richter • Oct 12, 2021 • 120 Comments One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it.
Inflation Expectations Come Unanchored: People Expect Red-Hot Price Increases to Eat Wage Gains plus their Lunch & Dinner by Wolf Richter • Oct 12, 2021 • 202 Comments The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
Apartment Conversions from Old Office Buildings, Hotels, Factories: The Numbers by Wolf Richter • Oct 11, 2021 • 84 Comments A costly slow process that gives some buildings a second life.
End of Easy Money: Bank of England Talks Tightening amid “Altered Consumer Behavior,” Visions of Persistent Inflation by Wolf Richter • Oct 10, 2021 • 119 Comments “It’s appropriate” that markets price in “a significantly earlier path of tightening than they did previously.”
My Thoughts on the Biggest Mess in Decades: New & Used Autos, Chip Shortages, Inflation, and the Nasty Possibility of Stagflation by Wolf Richter • Oct 9, 2021 • 130 Comments Discussing mind-boggling distortions and some of the craziest market conditions.
One of the Biggest Money Printers, the BoJ, Stopped Printing Money by Wolf Richter • Oct 8, 2021 • 147 Comments All eyes are on the Fed, which will follow. ECB also getting nervous. Other central banks are way ahead.
People Not Looking for Work, Labor Force Drops. But Households Report Strong Gains in Jobs & Self-Employment by Wolf Richter • Oct 8, 2021 • 166 Comments Big drop in government jobs (education) blamed on seasonal adjustments gone awry.
