A Fed Rate Cut in September or More Wait-and-See? Is the US the Next Japan? Shakeout & Price Cuts in the Auto Industry? by Wolf Richter • Jul 29, 2024 • 49 Comments Wolf Richter on “This Week in Money.”
US National Debt Hits $35 Trillion. Debt-to-GDP Ratio, at Scary Levels, Dips a Tad. And T-Bills’ Share of this Debt by Wolf Richter • Jul 27, 2024 • 171 Comments We don’t even want to know what debt-to-GDP looks like in the next recession when it’ll get hit by a double-whammy.
Large Upward Revisions of “Core Services” PCE Inflation Pushed Six-Month “Core” PCE Inflation to 3.4%, Worst in a Year by Wolf Richter • Jul 26, 2024 • 142 Comments Fed’s Wait-and-See on rate cuts makes sense amid heavily revised whiplashy data and still too high inflation.
Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger by Wolf Richter • Jul 25, 2024 • 53 Comments Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?
Economy Re-Accelerates in Q2. Our Drunken Sailors Splurge on Durable Goods, Investment Jumps, Federal Gov Undoes Blip by Wolf Richter • Jul 25, 2024 • 67 Comments Our Drunken Sailors are back at it, but in moderation, so to speak, their feathers largely unruffled by interest rates.
Magnificent 7 Got on Elevator to the Moon but Someone Pushed a Wrong Button: -$1.77 Trillion in 10 Days. Tesla Blows Fuse by Wolf Richter • Jul 24, 2024 • 136 Comments Nvidia is our double-WTF chart of the year, giving up $512 billion in 10 days.
New-House Prices Solidly below Existing House Prices as Inventory Piles Up. Sales Hobble Along, Supported by Big Incentives & Mortgage-Rate Buydowns by Wolf Richter • Jul 24, 2024 • 72 Comments Inventory of completed houses jumps to highest since 2009. This pile-up of spec houses is exactly what the housing market needs.
Here Comes the Inventory of Vacant Homes: With Buyers on Strike despite Lower Mortgage Rates, Supply Spikes to Highest in 4 Years. Sales Drop Further except at High End by Wolf Richter • Jul 23, 2024 • 151 Comments A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.”
CRE Gets Strangled, Corporate Bankruptcies Highest since 2010, but Junk Bonds & Broad Financial Conditions in La-La-Land by Wolf Richter • Jul 22, 2024 • 89 Comments The big divergence.
Small Stocks Keeled Over after Brief Super-Hyped “Rotation” Spike. Magnificent 7 lost $1.3 trillion in Seven Days by Wolf Richter • Jul 20, 2024 • 104 Comments That $1.3 trillion just sort of came and went within a month, and people didn’t really notice – amazing.
