Used Vehicle Prices Spike to New Crazy Record in a Market Gone Nuts by Wolf Richter • Oct 7, 2021 • 126 Comments Not “temporary” yet.
The Ugly Math: GM, Ford, other Legacy Automakers Throw Hundreds of Billions at EVs, Only Auto Segment that’s Growing. Tesla Made Them Do It by Wolf Richter • Oct 6, 2021 • 218 Comments It’s a zero-sum game that’s eating up a huge amount of cash. But Electric Utilities are loving it.
Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever by Wolf Richter • Oct 5, 2021 • 205 Comments Driven by Corporate America and the most grotesquely overstimulated consumer spending ever.
New Vehicle Sales Plunge as Prices Soar amid Supply Chain Chaos, Chip Shortages, and Depleted Inventories by Wolf Richter • Oct 5, 2021 • 188 Comments Ford, whose sales plunged 18%, is suddenly No. 1 for September. That’s how bad it is.
Facebook, Instagram, WhatsApp Go Down as DNS Records Disappear under Mysterious Circumstances by Wolf Richter • Oct 4, 2021 • 155 Comments Let the conspiracy theories fly.
Office Slump Gets Even Uglier in Q3: Houston, San Francisco, Los Angeles, Chicago, Washington DC, Seattle, Manhattan by Wolf Richter • Oct 4, 2021 • 77 Comments But tenants have choices and negotiating power.
My “Wealth Effect Monitor” for the Money-Printer Economy: Holy Moly, October Update by Wolf Richter • Oct 2, 2021 • 254 Comments The bottom 50% need not apply. They just get to eat the soaring costs of housing. How the Fed totally blew out the already gigantic wealth disparity during the pandemic.
Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated by Wolf Richter • Oct 1, 2021 • 144 Comments Millions of people didn’t spend on two big services: rent & interest. How spending got skewed in bizarre ways.
Fed’s Lowest Lowball Inflation Measure Hits 30-Year High by Wolf Richter • Oct 1, 2021 • 118 Comments “Transitory” is the new Spandex.
Treasury General Account Plunges by $100 Billion in One Week. How Close to Zero Will it Get? by Wolf Richter • Sep 30, 2021 • 112 Comments “Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
