As Tech Jobs Plunge in San Francisco & Silicon Valley, Housing Reacts: Condo Prices Drop Back to 2015, Single-Family Home Prices Back to 2018 by Wolf Richter • May 21, 2025 • 94 Comments The massive 10-year home-price spike to 2022 was more than the economy could bear and did a lot of damage, including to employment, as we can see.
Credit Card Delinquencies, Balances, Debt-to-Income, and Credit Limits in Q1 2025: Our Drunken Sailors & their Credit Cards by Wolf Richter • May 20, 2025 • 82 Comments With the free money gone, the hangover is getting worked off.
Japan’s 30-Year and 40-Year Bonds Crater, Yields Spike, Huge Mess Coming Home to Roost. Yen Carry Trade at Risk by Wolf Richter • May 20, 2025 • 115 Comments The BOJ’s QT, inflation that’s higher than in the US, an atrocious fiscal mess, a devalued yen, it all comes together.
THANK YOU 💖 for Your Wonderful Support of WOLF STREET!!! And if You Missed it, a Reminder: Please Donate by Wolf Richter • May 19, 2025 • 17 Comments Your support is what keeps Wolf Street open to all, without paywall, to reach the largest possible audience.
The Most Splendid Housing Bubbles in America, April 2025: The Price Drops & Gains in 33 of the Largest Housing Markets by Wolf Richter • May 18, 2025 • 82 Comments National year-over-year price gain shrinks to 0.7%. Now 18 of 33 metros have YoY price drops: San Diego, Austin, Tampa, Miami, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Birmingham…
Foreign Investors Loaded Up on Treasury Securities in March Despite all the Turmoil in the Media by Wolf Richter • May 17, 2025 • 72 Comments And in April, their purchases of long-term securities at Treasury auctions increased.
Moody’s Cuts US Government Credit Rating due to Deficits & Debt, Blames “Successive US Administrations and Congress” by Wolf Richter • May 16, 2025 • 164 Comments US government kisses its last triple-A credit rating goodbye. Downgrade to “junk” would have been more appropriate?
Auto-Loan Balances, Debt-to-Income Ratio, Serious Delinquencies for Subprime & Prime in Q1 2025: Our Drunken Sailors and their Auto Loans by Wolf Richter • May 16, 2025 • 19 Comments Something rare occurred: Auto loan balances fell despite highest new & used vehicle sales in years. More people paid cash to dodge interest rates?
The Most Splendid Housing Bubbles in Canada, April 2025: Single-Family & Condo Prices Drop to Multi-Year Lows, Driven by Toronto by Wolf Richter • May 15, 2025 • 24 Comments But some metros hit all-time highs. By Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Halifax, Edmonton, Quebec City, Winnipeg.
Beyond the Squiggles in Retail Sales by Wolf Richter • May 15, 2025 • 31 Comments Our Drunken Sailors may be in a crappy mood, but that doesn’t stop them.
