PE Firms & Distressed Debt Funds to Get Mall Landlord PREIT in Prepackaged Bankruptcy Filing #2 by Wolf Richter • Dec 11, 2023 • 53 Comments Now they get to deal with the brick-and-mortar meltdown.
Which Industries Gained Jobs, Which Lost Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • Dec 10, 2023 • 83 Comments New all-time highs: Construction, Wholesale trade, Arts & Entertainment, and State government.
The Question is Not “When” but “Why” the Fed Would Cut Rates with a Labor Market this Strong and Wage Growth Accelerating by Wolf Richter • Dec 8, 2023 • 276 Comments The amazing labor market that just keeps plugging along despite the high interest rates.
Wage Growth Not Cooperating with Rosy Scenario of a Normalizing Labor Market by Wolf Richter • Dec 8, 2023 • 63 Comments Wages of production and non-supervisory employees accelerate for third month to 5% annualized. Turns out, the big drop in August was a head fake.
Fed Balance Sheet QT: -$1.23 Trillion from Peak, -$129 billion in November, to $7.74 Trillion, Lowest since April 2021 by Wolf Richter • Dec 7, 2023 • 129 Comments The Fed has now shed 29% of Treasuries it had added during pandemic QE.
Tesla Model Y is #2 US Bestseller in 2023 through Q3, Behind Perennial #1 Ford F-150, and Ahead of Toyota RAV4 by Wolf Richter • Dec 7, 2023 • 103 Comments Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out.
Subprime Comes Home to Roost for Specialized Auto Dealers, Lenders & Investors: Car-Mart Was Next to Confess by Wolf Richter • Dec 6, 2023 • 89 Comments Subprime is the mother lode of profits – until it isn’t.
“We Need a Recession…” But it’s Just Not Happening by Wolf Richter • Dec 6, 2023 • 51 Comments Wolf Richter on Adam Taggart’s “Thoughtful Money.”
Job Market Retightened in Some Industries, Loosened in Others: Layoffs & Discharges, Voluntary Quits, Job Openings, and Hires by Wolf Richter • Dec 5, 2023 • 134 Comments Job openings in construction near record; job market retightens in manufacturing and in business & professional services where many tech companies are.
Are the Headlines about Factory Orders Messing with us Again? by Wolf Richter • Dec 4, 2023 • 51 Comments The drop in new orders was off an all-time high, while unfilled orders rose to an all-time high. Orders by major category.
