The Housing Markets of Europe: From Most Splendid Housing Bubbles to Go-Nowhere Markets by Wolf Richter • Jul 6, 2025 • 83 Comments Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal
Fed Balance Sheet QT: -$13 Billion in June, -$2.31 Trillion from Peak, to $6.66 Trillion. New Milestone: 3 Years of QT by Wolf Richter • Jul 3, 2025 • 95 Comments The new and improved Standing Repo Facility (SRF) sprang into action for one day at quarter-end on June 30.
Beneath the Surface of the Employment Report: How Jobs Evolved by Industry over Time, Winners & Losers by Wolf Richter • Jul 3, 2025 • 26 Comments The job creation machine is running at a decent pace, unemployment is historically low, but it’s not evenly spread across all industries.
Despite Ugliness at Stellantis, Nissan & Tesla, New Vehicle Sales in Q2 Rose to the Best Q2 since 2021. But June Stalled by Wolf Richter • Jul 2, 2025 • 112 Comments Cybertruck may be entering automotive history as the most expensive failed model ever.
Office CMBS Delinquency Rate Spikes to Record 11.1% in June, Worse than Financial Crisis Meltdown Peak, after 3-Month Relapse by Wolf Richter • Jul 1, 2025 • 90 Comments A Los Angeles tower, FEMA headquarters in Washington, 100-year-old tower in Manhattan join list; some delinquent loans were “cured,” including by transfer to a custodial receiver and extend and pretend, and came off the list.
Tariff Cash Is Rolling In: June’s Record Take Spikes by $20.5 Billion Year-over-Year by Wolf Richter • Jul 1, 2025 • 73 Comments Businesses have been paying them out of their huge profits and have not been able to pass them on to consumers so far.
Underlying Labor Market Dynamics Are Solid, Recession Stays on the Back Burner by Wolf Richter • Jul 1, 2025 • 34 Comments Companies don’t just suddenly drop everything to stew in their own juices.
Exit from the “Lock-in” Effect Slowed in Q1 as Home Sales Deteriorated Further and Supply Spiked by Wolf Richter • Jun 30, 2025 • 84 Comments By the time they finally wanted to sell their home, it wasn’t easy anymore because demand had plunged, and fewer of those mortgages got paid off.
The Historically Wide Spread between the 10-Year Treasury Yield and Mortgage Rates Widened Again: Some Thoughts by Wolf Richter • Jun 28, 2025 • 137 Comments Mortgage rates, QT, yield spreads, inflation, and a bond market that is not to be trifled with.
That Drop in Consumer Income in May Was a False Recession Alarm by Wolf Richter • Jun 27, 2025 • 29 Comments Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes.
