Fed’s Reverse Repos Hit $503 Billion. Liquidity Drain Undoing over 4 Months of QE by Wolf Richter • Jun 9, 2021 • 144 Comments New York Fed’s Williams prepares markets for “technical adjustments” to the Fed’s “administered interest rates” to get a handle on this phenomenon.
Will Americans, Who’ve Spurned Cheaper Cars for Decades, Buy a Lower-Priced Baby “Truck?” I Don’t Know Either by Wolf Richter • Jun 8, 2021 • 202 Comments Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
Job Openings Spike in WTF Style amid “Labor Shortages” while 15 Million People Claim Unemployment Benefits by Wolf Richter • Jun 8, 2021 • 171 Comments This messed-up labor market is finally producing rising wages. But companies are able to pass them on with higher prices: beginnings of an inflation spiral.
The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic by Wolf Richter • Jun 7, 2021 • 106 Comments China and the tax havens rule!
The WTF Spike of Used-Vehicle Prices Continues Unabated. So Which Part Is “Temporary?” by Wolf Richter • Jun 7, 2021 • 161 Comments This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View” by Wolf Richter • Jun 6, 2021 • 291 Comments “We want them to go back to” a normal interest rate environment.
AMC Insiders Dumped Huge Portions of their Shares after WTF Spike, AMC Sold Shares, and Wanda is Already Outa There by Wolf Richter • Jun 5, 2021 • 141 Comments But who’s buying? CEO Adam Aron is schmoozling and bamboozling the Reddit crowd.
The Weird Phenomenon of “Labor Shortages” as Millions of People Who Could Work Are Not Working by Wolf Richter • Jun 4, 2021 • 431 Comments A sign of how messed up the moving parts of the economy have become, amid massive excesses and distortions connected by malfunctioning gearing.
Global Steel Production: China Blows the Socks off the Rest of the World, US Production Plunges by Wolf Richter • Jun 3, 2021 • 193 Comments The annual steel report is out.
Stock Market Officially a Bad Joke: AMC Warns Buyers of its New Shares: Don’t Buy “Unless You Are Prepared” to Lose “All or Substantial Portion of Your Investment” by Wolf Richter • Jun 3, 2021 • 156 Comments A joke where everyone is making fun of everyone in grand & crazy pump-and-dump schemes. But I can’t blame AMC. I blame the Fed.
