Wolf Richter

EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious

by Wolf Richter • Aug 25, 2023 • 121 Comments

As an extra special for VinFast, I’m keeping a beautiful slot open in my increasingly packed pantheon of Imploded Stocks.

Powell Smacks Down Calls to Raise 2% Inflation Target: “2% Is and Will Remain our Inflation Target”

by Wolf Richter • Aug 25, 2023 • 218 Comments

Fretted about the re-accelerating economy flying above the “below-trend” growth required to get to 2%. “We will keep at it until the job is done.”

Mortgage Rates Adjust to New Era, Jump to Highest since 2001. Long-Term Treasury Market Slowly Coming out of Denial

by Wolf Richter • Aug 24, 2023 • 184 Comments

The new era of “higher for much longer.” The 40-year bond & mortgage bull market died in late 2020.

Each of the Past 7 Julys Had the Lowest Inventory of Existing Homes on Record. Inventory Fell for 16 Years. One Big Reason: Technology

by Wolf Richter • Aug 23, 2023 • 113 Comments

A home enters inventory when it’s listed for sale and exits inventory when the sale closes. Technology finally sped up the clunky processes in between.

Peloton Pukes, Stock Sallies to New Record Low, -97% from Peak

by Wolf Richter • Aug 23, 2023 • 138 Comments

Consensual Hallucination was so much fun while it lasted.

Home Sales Plunge Further as Demand Vanished at these Prices. Even Cash Buyers Pull Back. Supply Keeps Rising

by Wolf Richter • Aug 22, 2023 • 260 Comments

Prices drop MoM and from peak (Jun 2022). Days on market jump. Homeowners with 3% mortgages vanish as buyers and sellers, entire market shrank.

Powell’s Inflation Nightmare: Job Seekers, incl. the Employed, Suddenly Expect Massively Higher Wages in Job Offers

by Wolf Richter • Aug 21, 2023 • 222 Comments

And the offered wages that job seekers actually received also spiked massively as employers comply with a new reality.

How Many Americans Have Interest-Bearing Credit-Card Debt?

by Wolf Richter • Aug 19, 2023 • 165 Comments

Not everyone has credit cards, and only a portion of those that have credit cards have revolving balances that accrue interest: a stroll through the data.

Defaulted Crossgates Mall CMBS Loans Sold at 69% Below 2012 Appraised Value of the Mall

by Wolf Richter • Aug 18, 2023 • 112 Comments

CRE debt keeps on giving. Retail CMBS have been a bloodbath for years. Thankfully, banks largely not on the hook.

San Francisco House Prices Plunged Faster (-29%) in 16 Months of Housing Bust 2 than in the First 16 Months of Housing Bust 1

by Wolf Richter • Aug 17, 2023 • 140 Comments

But the Bay Area cannot keep up with the spectacular collapse of prices during Housing Bust 1. That had been a doozie.

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