China Obscures Stock Market Fund Flows by Foreign Investors: Another Effort to Prop Up the Relentless Long-Term Money Pit by Wolf Richter • Aug 19, 2024 • 69 Comments Since the peak in 2007, the Shanghai Composite Index is down 52%.
Wolf Richter on Construction Disruption, Topped Off by: “What Keeps You Awake at Night” by Wolf Richter • Aug 18, 2024 • 79 Comments AI’s feared impact on CRE, the financialization of everything, including CRE, factory construction, supply chains, pricing pressures for automakers…
A Big Week for Stocks, a Huge 7 Days for Nvidia (+26%), after the Battering They’d Taken by Wolf Richter • Aug 16, 2024 • 121 Comments Much of the heavy lifting of these mindboggling amounts was done in two trading days.
Plunge of Single-Family Construction Starts in July Was Huge Outlier. See Hurricane Beryl. Multifamily Jumped 45% from March Low despite CRE Depression by Wolf Richter • Aug 16, 2024 • 43 Comments What we’re worried about and what we’re not worried about.
These Retail Sales, in Face of Dropping Prices of Goods Retailers Sell, Support Solid Growth in “Real” GDP & Inflation-Adjusted Consumer Spending by Wolf Richter • Aug 15, 2024 • 147 Comments Our Drunken Sailors are in No Mood to slow down. Massive waves of migrants also boost retail sales.
Most Splendid Housing Bubbles in Canada, July 2024 – Toronto, Vancouver, Victoria, Ottawa, Calgary, Montreal, Edmonton, Quebec, Winnipeg: Market “Hits Pause” Despite 2 Rate Cuts by Wolf Richter • Aug 15, 2024 • 41 Comments Toronto single-family prices -15% from peak, condos at multiyear lows. Calgary & Quebec City reach new highs.
Beneath the Skin of CPI Inflation: Broad Month-to-Month Acceleration, Services CPI Bounces Back from Outlier, Plunge in Durable Goods Prices Slows by Wolf Richter • Aug 14, 2024 • 208 Comments Housing CPI re-surged in July from the June outlier.
Services PPI & Core PPI YoY Were Pushed Down by Extreme Base Effect That’ll Flip Next Month for Rest of 2024 by Wolf Richter • Aug 13, 2024 • 109 Comments The whiplash-inducing month-to-month services PPI fell in July after hot readings in prior months. Core goods PPI is well-behaved.
B. Riley Financial Collapses 52% Today, -91% in 2.5 Years since Peak Consensual Hallucination by Wolf Richter • Aug 12, 2024 • 52 Comments It dumped on already puking shareholders a surprise disclosure of huge losses that exceed its capital, amid reports of widening SEC investigation.
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
