Fed’s Lowest Lowball Inflation Gauge “Core PCE” Spikes Most Since 1983 by Wolf Richter • Jun 25, 2021 • 109 Comments There are whole generations who never experienced this type of inflation, this type of destruction of the dollar’s purchasing power
Is this the Reversal of Exodus-Triggered Plunges & Spikes of Rents? Mmmm-maybe by Wolf Richter • Jun 24, 2021 • 113 Comments Price discovery in uncertain times.
Central Banks Did it, Won’t Admit it. Top OECD Housing Bubbles: #1 New Zealand, #2 Canada, #7 USA by Wolf Richter • Jun 24, 2021 • 165 Comments According to “Bubble Ranking” by Bloomberg Economics.
The Breathtaking Collapse of Retail Rents in Manhattan, Year 7 by Wolf Richter • Jun 23, 2021 • 99 Comments Retailers willing to battle ecommerce will find “ample availability” – shuttered stores dotting the sidewalks – and much lower but still very high rents.
Buyers’ Strike? Sales of “New Houses” Also Slump amid Surging Supply & Spiking Prices by Wolf Richter • Jun 23, 2021 • 145 Comments Sales of “existing homes” performed the same trick. The phenomenon is getting established.
No, Blackstone Didn’t “Buy 17,000 Houses” out from under Desperate Homebuyers. And BlackRock Didn’t “Buy a Whole Neighborhood.” But Built-to-Rent is a Huge Change by Wolf Richter • Jun 22, 2021 • 147 Comments Internet BS made from twisted headlines is fun to spread. But reality is a lot more interesting.
Buyers’ Strike? Sales of “Existing Homes” Sag for 4th Month amid Rising Inventories & Crazy Spiking Prices by Wolf Richter • Jun 22, 2021 • 181 Comments Investors, second-home buyers, vacation-home buyers do some heavy lifting.
Most Important Measure of Fed’s Economy: My “Per-Household Wealth Effect Monitor” for Q1, Based on Fed Data by Wolf Richter • Jun 21, 2021 • 266 Comments How the “Wealth Effect” benefits Americans individually.
Where Shortages Show up: The WTF Plunge in Retail Inventories by Wolf Richter • Jun 21, 2021 • 159 Comments How messed up the economy has become, fueled by government moolah and Fed manna, when nothing and no one was ready for it.
What Powell Also Said at the Press Conference: “Hawkish” Nuances from the Fed by Wolf Richter • Jun 20, 2021 • 145 Comments Modern-hawkish, not Volcker-hawkish.
