Office Slump Gets Ugly in Houston, San Francisco, Los Angeles, Manhattan, Chicago, Washington DC by Wolf Richter • Apr 5, 2021 • 120 Comments This isn’t a blip.
Prices Surge Broadly Across the Massive Service Sector and Companies Are Able to Pass On these Higher Prices by Wolf Richter • Apr 5, 2021 • 131 Comments The entire mindset has changed.
US National Debt Passes $28 Trillion, +$4.7 Trillion in 13 Months. General Treasury Account Down by $480 Billion in 2 Months, $620 Billion to Go by Wolf Richter • Apr 4, 2021 • 268 Comments What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
Stocks, Real Estate, Inflation, and Latest Blowup: All this Super-Leveraged Craziness Going on Looks Like a Market Peak to me, Sez Wolf Richter by Wolf Richter • Apr 3, 2021 • 243 Comments Video interview with Peak Prosperity.
QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, up $3.5 Trillion in 13 months by Wolf Richter • Apr 2, 2021 • 172 Comments But long-term Treasury yields have surged, to the great consternation of our Wall Street Crybabies.
“Permanent Job Losers” No Better Off Than Last Summer. But Most of the 18 Million Job Losers on Temporary Layoffs Are Working Again by Wolf Richter • Apr 2, 2021 • 106 Comments Bringing back permanent job losers took years the last two times, and it hasn’t even started yet.
The Explosive Surge of Mortgages for “Second Homes”: Housing Bubble Math by Wolf Richter • Apr 1, 2021 • 257 Comments No housing market can produce enough homes when homes are massively used as vacant investment speculations. This creates an artificial shortage.
US Dollar’s Status as Dominant “Global Reserve Currency” Drops to 25-Year Low by Wolf Richter • Mar 31, 2021 • 183 Comments Central banks getting nervous about the Fed’s drunken Money Printing and the US Government’s gigantic debt? But still leery of the Chinese renminbi.
The Most Splendid Housing Bubbles in America: “House-Price Inflation” in all its Glory. March Update by Wolf Richter • Mar 30, 2021 • 270 Comments Dollar’s Purchasing Power Swoons, but CPI ignores house price inflation.
In Housing Market Gone Nuts, Condo Prices Sag in San Francisco Bay Area, Hover in 3-Year Range in New York, Rise at Half Speed in Los Angeles by Wolf Richter • Mar 30, 2021 • 83 Comments But low-tier prices of single-family houses in the vast New York City metro explode by 15%, powered by fleeing Manhattanites?
