Here Come the New Listings of Existing Homes, Prices Drop Further, Demand Remains at Collapsed Levels by Wolf Richter • Dec 20, 2023 • 155 Comments Active listings rise to highest in over three years.
Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt? by Wolf Richter • Dec 20, 2023 • 111 Comments China and Brazil shed large portions of their holdings, but the top financial centers loaded up.
Residential Construction Gains Steam, Single-Family Starts Jump, Highest since Spring 2022, Multi-Family Rises from Ashes by Wolf Richter • Dec 19, 2023 • 88 Comments Homebuilders and developers adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August.
Fed Members Fan Out to Douse Raging Rate-Cut Fires by Wolf Richter • Dec 18, 2023 • 286 Comments So far, vice chair Williams, Mester, Bostic twice already, and even Goolsbee who accused markets of wishful thinking.
The Shocking Price Increases of the Pickup Truck Oligopoly (Tesla Getting Ready to Mess Up Their Party?) by Wolf Richter • Dec 15, 2023 • 288 Comments The “WOLF STREET F-150 XLT & Camry LE Price Index” for the 2024 Model Year is here. Ford’s price increases are grotesque, for third year in a row.
The Most Splendid Housing Bubbles in Canada: Toronto -19% from Peak, back to Sept. 2021. Hamilton Area -25%, Back to Feb. 2021. New High in Calgary by Wolf Richter • Dec 14, 2023 • 146 Comments Something darkly humorous about these central-bank engineered easy-money spikes that then go POOF.
Our Drunken Sailors Go Splurging Online, at Auto Dealers, and Massively at Bars & Restaurants (YOLO) by Wolf Richter • Dec 14, 2023 • 133 Comments The three account for 50% of retail sales. People blowing their disposable income that outran inflation by a wide margin this year.
What Powell Said About Continuing QT amid Rate Cuts, RRPs Going to Zero, Reserves Dropping to Magic Line in the Sand by Wolf Richter • Dec 13, 2023 • 237 Comments How far can QT go? Quite a bit further.
Fed Holds Rates at 5.50% Top of Range, Sees Three Rate Cuts in 2024, QT to Continue by Wolf Richter • Dec 13, 2023 • 314 Comments Lowers GDP growth projections and PCE inflation projections for 2024.
Beneath the Skin of CPI Inflation, November: Core Services Inflation Accelerates on Rents, Insurance, Healthcare by Wolf Richter • Dec 12, 2023 • 150 Comments But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels.
