After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments by Wolf Richter • Jul 22, 2021 • 237 Comments “No way did I realize how difficult it was going to be to try and get people to come to work these days”: CEO of CSX.
Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise by Wolf Richter • Jul 22, 2021 • 179 Comments Sales edge up, after sagging for months, amid Crazy Spiking Prices.
Creditors Foreclose on Another Mall of Simon Property Group, Face Massive Loss by Wolf Richter • Jul 21, 2021 • 147 Comments As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
“No Resistance” to Price Increases by Wolf Richter • Jul 20, 2021 • 304 Comments The Restaurant Industry Reacts to a Messed-Up Economy Plagued by Shortages & Transportation Snags.
The Most Splendid Housing Bubbles in Canada: Why the Bank of Canada is Cutting QE by Wolf Richter • Jul 20, 2021 • 127 Comments And the utter craziness has begun to “decelerate” in some markets.
Normally Astute American Car Buyers Just Pay Whatever: AutoNation, Largest Auto Dealer in the US by Wolf Richter • Jul 19, 2021 • 180 Comments The explosion of per-vehicle gross profit shows why buying a car or truck now is nuts. But lots of people did though they didn’t need to: inflationary.
Plunge of Retail Inventories, Collapse of New & Used Vehicle Inventories: The Shortages Depicted in Charts by Wolf Richter • Jul 18, 2021 • 146 Comments Inventories at retailers document this mess.
Americans Pay More to Get Less: Retail Sales Outrun by Inflation by Wolf Richter • Jul 16, 2021 • 219 Comments Welcome to Fed’s New World of Inflation.
Did People Use their Stimulus to Start a Business? The Spike in New Businesses, one of the Mindblowers of the Pandemic by Wolf Richter • Jul 15, 2021 • 116 Comments Now it’s confirmed, it wasn’t for PPP-loan fraud.
This “Temporary” Inflation Is Turning into an Inflation Spiral by Wolf Richter • Jul 15, 2021 • 262 Comments Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades (transcript).
