Even Banks in Asia-Pacific (APAC) on the Hook for US Office CRE: Fitch by Wolf Richter • Feb 12, 2024 • 64 Comments That’s what “spread far and wide” means. During the US CRE bubble, yield-chasers not just in the US but globally gorged on invincible US CRE.
The $2 Trillion in Goods the US Exported in 2023: Led by Energy Products, Capital Goods, Pharmaceuticals, and Automotive by Wolf Richter • Feb 10, 2024 • 53 Comments The biggest export group — crude oil, petroleum products, natural gas, petrochemicals — retraced part of the 50% spike as prices dropped.
Miles Driven Eke Out Record after Covid-Plunge: People Drive Less, but there Are More People by Wolf Richter • Feb 9, 2024 • 62 Comments But mass transit is still singing the remote-work blues. RTO not now?
Our Drunken Sailors’ Credit Card Balances, Burden, Delinquencies, and Available Credit by Wolf Richter • Feb 9, 2024 • 113 Comments Credit cards are the dominant payment method, from reimbursed business travel to ecommerce and bar tabs. And some people use them to borrow.
US Trade Deficit in 2023 Dropped 19%, as Goods Deficit with China Plunged 29%: Imports & Exports of Goods & Services by Wolf Richter • Feb 8, 2024 • 48 Comments The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected.
Here Come the HELOCs: Mortgage Balances, Delinquencies, and Foreclosures by Wolf Richter • Feb 7, 2024 • 102 Comments When will it get messy for our Drunken Sailors? Not now.
Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy Spike by Wolf Richter • Feb 7, 2024 • 72 Comments But the plunge in retail prices of used cars and trucks hasn’t progressed nearly as much.
Auto Loan Balances, Subprime, Delinquencies, and Income: Who Are those Drunken Sailors? by Wolf Richter • Feb 6, 2024 • 98 Comments Subprime doesn’t mean “low income.” It means “bad credit” – and some is high income. And subprime loans are coming home to roost.
US Office CRE Mess Is Spread Far and Wide across Investors & Banks Globally. US Banks Eat only a Portion of the Losses by Wolf Richter • Feb 5, 2024 • 93 Comments Japanese, Canadian, and European banks started to confess. And for over a year, huge losses have hit investors, not banks.
How the Housing Market Split in Two, Doubts about the Taming of Inflation, and What’s Going on with New & Used Vehicles by Wolf Richter • Feb 4, 2024 • 88 Comments Wolf Richter on “This Week in Money”
