This Labor Market Is Not Loosening Further: Fed Gets More Reason for Wait-and-See by Wolf Richter • Apr 2, 2024 • 86 Comments But the headlines-grabbing layoff announcements had the effect of calming the churn.
Office CRE Mess Keeps Getting Worse, Massive Repricing Underway by Wolf Richter • Apr 1, 2024 • 95 Comments It’ll take years to get this mess cleaned up, at the expense of investors, landlords, and banks.
US Coal Production, Consumption, Exports & Imports in 2023: Consumption Plunges to Lowest since 1963. But Exports Rise by Wolf Richter • Apr 1, 2024 • 61 Comments Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years.
Curse of Easy Money: US Government Interest Payments on the Ballooning Debt v. Tax Receipts, Higher Interest Rates, Inflation by Wolf Richter • Mar 31, 2024 • 201 Comments Biggest Drunken Sailors of all. Average interest rate on the Treasury debt spiked but is still only half of what it was in 2001.
Higher Inflation, Higher Rates Forever? Will the Fed Let CRE Turmoil Run its Course? Is QT Hitting Dollar Liquidity Outside the US? And More… by Wolf Richter • Mar 30, 2024 • 48 Comments Wolf Richter on “This Week in Money.”
Our Drunken Sailors Went Partying Again: Consumer Spending on Services, even Adjusted for Inflation, is Red-Hot by Wolf Richter • Mar 29, 2024 • 181 Comments They’re in absolutely no mood to slow down. And they still saved part of their income. So why should they even slow down?
Fed’s Wait-and-See about Rate Cuts Supported by Highest-since-July Six-Month Core PCE & Core Services PCE Inflation by Wolf Richter • Mar 29, 2024 • 129 Comments And there were big upward revisions of the already hot readings for January.
Resurging Corporate Profits Show Inflationary Pressures Are Reheating after Lull: Corporate Profits by Major Industry by Wolf Richter • Mar 28, 2024 • 133 Comments But banks are having profit problems.
Amid Canada’s Huge Immigration Surge, Population Growth Hits 3.2%, Fuels 10% Rent Inflation, even as Home Prices Drop by Wolf Richter • Mar 27, 2024 • 144 Comments The record 1.27 million immigrants that arrived last year have to live somewhere.
The Most Splendid Housing Bubbles in America, March 2024 Update: Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Dallas, Las Vegas by Wolf Richter • Mar 26, 2024 • 159 Comments 20-City Index drops for 3rd month in a row, forms Double Top. Only Washington DC sets new all-time high.
