Will Social Security Be There for You? Status of the Social Security Trust Fund in Fiscal 2019 by Wolf Richter • Oct 13, 2019 • 176 Comments “Don’t rely on Social Security”: Inflation adjustments are punitively low, and benefits become more inadequate as you age.
Global Air Freight Sinks into Longest Recession since 2008 by Wolf Richter • Oct 11, 2019 • 27 Comments US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
10-Year Yield Jumps, Yield Curve Steepens, on Fed’s Plan to Buy $60 Billion a Month, But Only Short-Term Treasury Bills by Wolf Richter • Oct 11, 2019 • 95 Comments Ending the repo market blowout and un-inverting the yield curve.
How the Crybabies on Wall Street Try to Force the Fed into QE-4 by Wolf Richter • Oct 10, 2019 • 70 Comments The repo blow-out — whoever instigated it — comes in real handy.
Carmageddon for General Motors in China: Q3 Sales Collapse 30% from 2 Years Ago by Wolf Richter • Oct 10, 2019 • 58 Comments Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth?
The Day When Repo Rates Blew Out: Fed Recounts a Fiasco that Occurred as the FOMC Was Meeting, and How it Reacted by Wolf Richter • Oct 9, 2019 • 53 Comments I wish I could have sat in that meeting, watching the bewildered faces of Fed officials as they got hourly updates on repo rates blowing out.
Fed Didn’t See Economic Reasons to Cut Rates, Admits Cutting for Other Reasons: My Fancy-Schmancy “Fed Hawk-o-Meter” by Wolf Richter • Oct 9, 2019 • 48 Comments Fed Sent Big-Fat Message on “U.S.-China Trade Tensions” to White House.
How the SoftBank Scheme Rips Open the Startup Bubble by Wolf Richter • Oct 9, 2019 • 40 Comments This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
When Was Peak-Insanity of the Unicorn-Startup Bubble That’s Now Imploding? by Wolf Richter • Oct 8, 2019 • 99 Comments WeWork was just late to the defenestration party.
Sticker Shock & Hedonic Quality Adjustments: How Much Have New-Car Prices Really Risen over Three Decades? by Wolf Richter • Oct 7, 2019 • 190 Comments Wages rose with inflation, but not nearly enough to pay for “quality improvements,” which is why working people feel increasingly impoverished.
