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?).
Surging “Mortgage Demand” and “Declining Spending,” Really? Let’s Have a Look at Reality by Wolf Richter • Nov 15, 2023 • 88 Comments Home buyers “seize a dip in rates” and rush into the housing market, LOL?
Beneath the Skin of CPI Inflation by Wolf Richter • Nov 14, 2023 • 123 Comments Energy plunges, durable goods drop, food ticks up from sky-high levels, but meat re-surges, services are hot, rents accelerate, auto insurance spikes.
The Collapse of the Health Insurance CPI (How it Became Chickenshit) by Wolf Richter • Nov 14, 2023 • 160 Comments The BLS now tweaked the methodology after letting it go haywire for two years. This fiasco should be a career-ender for the top of the BLS.
