“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).
Bank of Canada Cuts Bond Purchases for 3rd Time, Bank of New Zealand Stops QE Cold-Turkey, Citing Housing Bubble in “Least Regrets Policy,” Following a Slew of other Central Banks by Wolf Richter • Jul 14, 2021 • 150 Comments Why is the Fed so far behind the curve? Other central banks are now making room for “persistent” inflation.
And Now the WTF Spike in Transportation Costs by Wolf Richter • Jul 14, 2021 • 67 Comments They’re getting passed on and feed into the inflation scenario.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982 by Wolf Richter • Jul 13, 2021 • 330 Comments Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
