Car & Truck Sales Show: The Inflation Mindset Has Changed, Consumers Are Willing to Pay a Lot More, Generating not only Record Sales but also Record Gross Profits by Wolf Richter • May 27, 2021 • 183 Comments This change in the inflation mindset is likely not “temporary.”
Wolf Richter in Conversation with Saxo Bank’s Market Call by Wolf Richter • May 27, 2021 • 21 Comments The economy, financial markets, and inflation amid the distortions caused by fiscal and monetary responses to the pandemic.
“Just Shut Up and Buy”: But Hype-Stocks & Cryptos Crashed by Wolf Richter • May 26, 2021 • 121 Comments It works until it doesn’t. Now all eyes are on housing (transcript).
The Most Splendid Housing-Inflation Bubbles in America with WTF Spikes in Seattle & Los Angeles by Wolf Richter • May 25, 2021 • 196 Comments But condo prices in the San Francisco Bay Area fell year-over-year again, and in New York City have been flat for years.
China’s Capital Controls & Crackdown on Conglomerates, the US Shift to Working from Home, and San Francisco’s Historic Office Glut Leave Big Ulcer by Wolf Richter • May 24, 2021 • 114 Comments Trends converged on the mega-construction project Oceanwide Center in San Francisco.
THE WOLF STREET REPORT: “Just Shut Up and Buy,” But Now Hype-Stocks & Cryptos Crashed by Wolf Richter • May 23, 2021 • 259 Comments It works until it doesn’t. Now all eyes are on housing.
Can Anything Knock Down the Stock Market? The Incredibly Shrinking Credit Card Debt; the New & Used Car Fiasco; and Can the Fed Crack Down on Inflation? by Wolf Richter • May 22, 2021 • 182 Comments Wolf Richter on “This Week in Money.”
Buyers’ Strike? Amid Crazy Spiking Prices, Home Sales Sag for 3rd Month, Pent-Up Sellers Get Ready, New Listings & Inventories Rise by Wolf Richter • May 21, 2021 • 324 Comments This may be the most distorted and perverse housing market ever.
Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves by Wolf Richter • May 20, 2021 • 276 Comments This is the first time I’ve seen Wall Street banks clamor for the Fed to back off QE. The Fed struggles to keep the liquidity it created from going haywire.
The Most Splendid Housing Bubbles in Canada: Even the Bank of Canada Gets Nervous and Tapers by Wolf Richter • May 19, 2021 • 132 Comments House prices in the largest markets have gone nuts amid “extrapolative expectations and speculative behavior,” as the Bank of Canada put it.
