“Rent” Inflation in Canada Spikes to Highest since 1983, amid Spike in Population. Homeownership CPI Remains Red-Hot by Wolf Richter • Oct 18, 2023 • 76 Comments Prices eased in other categories.
Our Drunken Sailors Now Guzzling Directly from Punch Bowl: Powell, You Looking? Splurging Online, at Restaurants & Auto Dealers. YOLO by Wolf Richter • Oct 17, 2023 • 148 Comments Consumers still on a buying binge at retailers, fired up by big income increases that this year outran goods-inflation by a wide margin.
End of Free Money Plunges German Construction Industry into Crisis by Wolf Richter • Oct 16, 2023 • 122 Comments A black swan of sorts no one was ready for: Negative interest rates turned positive, and all heck broke loose in the property development sector.
The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further by Wolf Richter • Oct 14, 2023 • 162 Comments The Home Price Benchmark Index is down 14% from peak in March 2022, Toronto down 15%, after wild and woolly sucker rally over the spring.
Acceleration of Inflation Continues, Core Services Inflation Spikes despite the Massive Health-Insurance Adjustment by Wolf Richter • Oct 12, 2023 • 266 Comments This was the last of 12 health insurance adjustments that pushed down core CPI and core services CPI; it will swing the other way next month.
Social Security COLA for 2024 Will Be Meager 3.2%, Likely to Be Outrun by Inflation by Wolf Richter • Oct 12, 2023 • 147 Comments Cost-of-Living Adjustment for 2024 plunges from 2023 mega-COLA, which outran inflation by a wide margin. This one will fall behind inflation.
EV SPAC VinFast Collapses 92% in 31 Trading Days, $213 Billion in Fake Market Cap Evaporated in Hilarious Manner by Wolf Richter • Oct 10, 2023 • 135 Comments Obviously, this kind of idiocy should never happen in a healthy stock market. But it has happened a lot.
Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars by Wolf Richter • Oct 9, 2023 • 260 Comments Or why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive.
My Take on What QT Has Done to Stocks, Bonds, Commercial Real Estate (Lots of Bloodletting) & What it’ll Do Going Forward by Wolf Richter • Oct 7, 2023 • 215 Comments Fundamentals boiled down to QE or QT since 2009. Now there’s lots of QT, globally, to battle the worst inflation in decades.
A Jobs Report You’d Expect from an Economy Plugging along Just Fine (What a Bummer?). Thing about Multiple Jobholders by Wolf Richter • Oct 6, 2023 • 208 Comments The number of jobs created was even upwardly revised, for a change.
