Lithium “Shortage” Bubble Implodes (Again), Price Collapsed 77% in a Year, as Demand and Production Both Surged by Wolf Richter • Nov 23, 2023 • 75 Comments Investors smell the money, billions are flowing, even in the US, which could become major lithium producer.
Even Higher for Longer if Markets Keep Fighting Central Banks, ECB’s Wunsch Explains. The Fed Has Same Problem by Wolf Richter • Nov 22, 2023 • 199 Comments “If the markets don’t infer from this that it’ll be high for longer, we’ll have to use our rate instruments and hike to get where we want to go.”
Home Sales Collapse, Prices Drop Further, Supply Jumps. People Are Finally on Buyers’ Strike by Wolf Richter • Nov 21, 2023 • 156 Comments Supply is coming back, demand is not. Prices are still way too high.
Rents in Canada Explode. Services Inflation Heats Up by Wolf Richter • Nov 21, 2023 • 97 Comments Plunging gasoline prices and dropping prices in a few other categories hold down overall CPI. A mess for the Bank of Canada.
“Leading Economic Index” Predicts Recession for Early 2024, after Having Predicted a Recession for Late 2022, Early 2023, Mid-2023, and Late 2023 by Wolf Richter • Nov 20, 2023 • 157 Comments And there’s Still No Recession!
Our Wall Street Crybabies Want the Fed to Stop QT, they Wag the Drop in Overnight RRPs that’ll Blow up the Banks or Whatever by Wolf Richter • Nov 19, 2023 • 121 Comments This crybaby stuff is just funny. So let’s have a look.
THANK YOU 💖 for Your Wonderful Support of WOLF STREET!! If You Missed it this Week, a Reminder: Please Donate by Wolf Richter • Nov 17, 2023 • 23 Comments Your support keeps WOLF STREET open to all, and not locked up behind a paywall. I immensely appreciate every donation.
The Collapse of EV-Charger SPACs: ChargePoint CEO Sacked, CFO out, Revenues Plunge, Losses Mount, Shares -96% from Peak. EVgo Not Far Behind by Wolf Richter • Nov 17, 2023 • 131 Comments With EV charging, America is divided into two parts: Tesla’s network and everything else.
Walmart: Consumers No Longer Willing to Pay Whatever. Prices of Goods Fall Broadly, as Inflation Shifted to Services by Wolf Richter • Nov 16, 2023 • 162 Comments Food is the exception and pricing levels “continue to be a concern”: Walmart CEO. Sky-high food prices rose further.
The Most Splendid Housing Bubbles in Canada: Prices Drop to where They’d Been 2 Years Ago, Sales Swoon, Supply Rises by Wolf Richter • Nov 15, 2023 • 72 Comments From peak in March 2022, prices fell 15.6%, in Toronto 17.2%. But Calgary reached a new high (still waiting for the memo?).
