THE WOLF STREET REPORT: China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China by Wolf Richter • Sep 19, 2021 • 237 Comments The property sector and its debts are possibly the biggest financial mess in China’s history.
World Runs Out of Weirdest Stuff: The WOLF STREET Beer Mug Shortage by Wolf Richter • Sep 18, 2021 • 160 Comments “Nothing Goes to Heck in a Straight Line,” except supply chains.
A Mess: Retail Inventory Shortages in Charts, Just in Time for Holiday Selling Season by Wolf Richter • Sep 17, 2021 • 100 Comments Stimulus-fueled blow-off demand spike meets messed-up supply and transportation chaos.
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike Forever by Wolf Richter • Sep 16, 2021 • 140 Comments Powered by price increases.
What a Collapse of China’s Evergrande Would Mean by Wolf Richter • Sep 15, 2021 • 260 Comments China hasn’t bailed out its over-indebted property developers yet, to the shock of foreign investors who’d bought their dollar bonds. Could the forced deleveraging trigger a financial crisis?
Business Travel, Conventions, Office Occupancy Stuck in Collapse: Been so Long, People Forgot What Old Normal Was by Wolf Richter • Sep 15, 2021 • 82 Comments Hotel business travel revenues expected to be down by 80% at top 20 destinations in 2021.
Social Security COLA for 2022 to be Near 5.8%, Could Match 2009, Biggest since 1982 by Wolf Richter • Sep 14, 2021 • 137 Comments But it still won’t cover the dollar’s actual loss of purchasing power.
Inflation Whac-A-Mole: New Vehicle Prices Spike as Used Vehicle Prices Dip, while Housing Inflation, which Exploded in Reality, Barely Budged in the CPI by Wolf Richter • Sep 14, 2021 • 86 Comments CPI inflation remains at 12-year high.
Proposed EV Tax Credits = Braindead Economic Policy +Last Thing the Booming EV Industry & EV-Hungry Consumers Need by Wolf Richter • Sep 13, 2021 • 158 Comments Everyone loves more free money. But EVs can stand on their own four wheels, so to speak. Let competition force innovation on automakers.
Americans Expect their Earnings to Get Whacked by Red-Hot Inflation, Blow Off Fed’s Sermons about “Temporary” by Wolf Richter • Sep 13, 2021 • 170 Comments And those who experienced the 1970s & 1980s inflation as adults expect 6.0% inflation a year from now.
