How Have Mortgage Rates Hit Home Sales & Inventory? Where Will Inflation & Long-Term Rates Go? Have Credit Cards Propped up Consumers Spending? by Wolf Richter • Sep 3, 2023 • 65 Comments Wolf Richter on HoweStreet.com Radio
Labor Force Spikes, Wage Pressures Stuck at High Levels, Job Market Sorts Out the Distortions from the Pandemic by Wolf Richter • Sep 1, 2023 • 88 Comments With the labor force surging, did they all get jobs? No. But many did.
Our Drunken Sailors Are Drinking Directly from the Punch Bowl: Powell, Did You See That? by Wolf Richter • Aug 31, 2023 • 253 Comments But they’re earning more than they’re spending, and despite spending like drunken sailors, they’re saving a lot.
“Core Services” Inflation Jumps to 2nd Worst since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done by Wolf Richter • Aug 31, 2023 • 172 Comments Durable goods prices fall. Fed favored “core” PCE price index re-accelerates.
Curse of Easy Money: US Government Interest Payments v. Tax Receipts, Average Interest on Treasury Debt, & Debt to GDP by Wolf Richter • Aug 30, 2023 • 119 Comments Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox.
After some Wavering, Corporate Bond Market Adjusts to Tightest Monetary Policies in Decades and Returns to La-La-Land by Wolf Richter • Aug 30, 2023 • 67 Comments Record QT and big Rate Hikes no problem: Corporate Bond Market Distress Index drops to lowest level since before the Fed started tightening.
The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade by Wolf Richter • Aug 29, 2023 • 168 Comments Year-over-year price drops in San Francisco, Seattle, Las Vegas, Phoenix, Denver, Portland, Dallas, San Diego, Los Angeles, and Tampa suddenly.
Massive Churn in the Labor Market Slows: Layoffs and Discharges, Voluntary Quits, Job Openings, and Hires by Wolf Richter • Aug 29, 2023 • 88 Comments Psychological effect of the barrage of layoff news? Workers give up some of their new sense of power, keep their nose to the grindstone, quit quitting.
AMC Wipes Out its Meme Stock Groupies, Shares Plunge to New All-Time Low by Wolf Richter • Aug 28, 2023 • 89 Comments It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
Robotaxis in San Francisco (now Rideshare Drivers Fear for their Jobs). And my Thoughts on the “15-Minute City” by Wolf Richter • Aug 27, 2023 • 142 Comments Wolf Richter on HoweStreet.com Radio
