US Dollar Status as Dominant “Global Reserve Currency” amid Reckless QE & Government Deficits by Wolf Richter • Sep 30, 2021 • 123 Comments The decline of Dollar Hegemony. But other options are also shaky.
“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own by Wolf Richter • Sep 29, 2021 • 206 Comments Blames tangled-up supply chains but not what’s causing supply chains to get tangled up: The most grotesquely overstimulated economy ever.
The Most Splendid Housing Bubbles in America: Holy Cow, September Update by Wolf Richter • Sep 28, 2021 • 322 Comments Even the Fed is getting antsy about this raging mania house-price inflation. Housing Bubble 1 is starting to look cute in comparison.
When Fed Doves Get Hawkish… Balance Sheet Runoff Should Start at End of Taper, First Half 2022: Bullard by Wolf Richter • Sep 28, 2021 • 114 Comments “Inflation could be a lot more persistent than we had hoped.”
Red-Hot Rents to Fire Up CPI Inflation Just When “Temporary” Is Supposed to Unwind It by Wolf Richter • Sep 27, 2021 • 142 Comments Asking rents spiked 10%-25% in half the cities. Rents fell in only a few, incl. -25% in San Francisco from 2019 peak.
Suppliers in China for Apple, Tesla, Intel, Nvidia, Qualcomm, NXP, Infineon, ASE Forced to Halt Production amid Energy Crackdown by Wolf Richter • Sep 26, 2021 • 204 Comments The Everything Shortage keeps promising to keep getting worse.
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.
