Fed’s QE Unwind Reaches $434 Billion, Remains on “Autopilot” by Wolf Richter • Feb 7, 2019 • 51 Comments Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list.
German Industrial Production Falls the Most Since 2009. New Orders Plummet by Wolf Richter • Feb 7, 2019 • 45 Comments Q4 is falling apart before everyone’s astonished eyes, and a “technical recession” beckons.
Phenomenal Trucking Boom Ends, Trucking Bust Starts by Wolf Richter • Feb 6, 2019 • 56 Comments So that U-turn was fast, even for the legendarily cyclical trucking business.
Oops: Low Interest Rates a “Factor” in Slowdown of Economic & Productivity Growth: NBER by Wolf Richter • Feb 5, 2019 • 83 Comments Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
New Trucks are Hot, Prices Surge. But Cars Face Carmageddon. And Total Sales Fall by Wolf Richter • Feb 5, 2019 • 91 Comments Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
QE Party Goes Dry, Bank of Japan Tries to Confuse the Markets by Wolf Richter • Feb 4, 2019 • 65 Comments During the selloff in Dec., the BOJ shed $31 billion. But in Jan., it piled on.
THE WOLF STREET REPORT by Wolf Richter • Feb 3, 2019 • 59 Comments Is this the Beginning of a Globalized Housing Downturn?
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It by Wolf Richter • Feb 2, 2019 • 62 Comments “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued by Wolf Richter • Feb 1, 2019 • 77 Comments “Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? by Wolf Richter • Jan 31, 2019 • 136 Comments China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. So far, so good.