Who Holds the Recklessly Ballooning US National Debt of $34.7 Trillion? by Wolf Richter • Jun 23, 2024 • 169 Comments All of these Treasury securities have been sold. So here are the holders.
Home Sales Sag Further, Hit by Mortgage Rates. Price Cuts & Active Listings Surge. Median Price Skewed by Surge in High-End Sales by Wolf Richter • Jun 21, 2024 • 217 Comments Sales in the mid- and lower range swoon as many people who need a mortgage seem to be waiting for lower rates.
Global Steel Production Update: China’s Property Crisis & Manufacturing Slowdown Trigger China’s Worst Ever 3-Year Drop of Steel Production, after Years of Blistering Growth by Wolf Richter • Jun 20, 2024 • 64 Comments US production of crude steel edged down further. Nucor Steel moved up to #15 globally. US Steel, #24, gets acquired by #4, Nippon Steel.
The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up by Wolf Richter • Jun 19, 2024 • 120 Comments As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.
The Collapse of the EV SPACs: Fisker Joins the Bankruptcy Party, Others on the Verge by Wolf Richter • Jun 19, 2024 • 107 Comments Consensual Hallucination drove that SPAC boom during the free-money era.
Our Drunken Sailors Bought Lots of Stuff at Retailers, including Vehicles, But at Prices that Fell from the Pandemic Spike by Wolf Richter • Jun 18, 2024 • 56 Comments Inflation-adjusted consumer spending & GDP will reflect that strength.
Hot Wage Growth Bedevils Wishlist for ECB Rate Cuts by Wolf Richter • Jun 17, 2024 • 41 Comments Wages jumped by 5.3% in the Euro Area, matching the prior record. The ECB pointed at wage growth as a risk to its inflation outlook.
The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud by Wolf Richter • Jun 17, 2024 • 29 Comments Sales drop further, new listings & inventory rise. Prices: Toronto -16% from peak. Vancouver flat for 9 months, -2.5% from peak. Calgary & Quebec hit new highs.
Junta of Mega-Cap Stocks Rules. Rest of the Market? Russell 2000 Hits Jan 2021 Level, S&P 500 Equal Weight Hits Jan 2022 by Wolf Richter • Jun 15, 2024 • 132 Comments A market hooked on a handful of mega-cap stocks is a precarious place to be.
Rate-Cut Mania’s 20.7% Spike in French Stock Market Comes Home to Roost by Wolf Richter • Jun 14, 2024 • 54 Comments When stuff gets inflated like this, no one should be surprised when it gets deflated.
