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.
Yen Gyrates Lower as Japan Goes for Weak Yen, Higher Government Bond Yields, but Moves Must Be Orderly by Wolf Richter • Nov 13, 2023 • 81 Comments They will never hand full control over yields to the market.
Dear Readers, Please Donate to WOLF STREET: Fall 2023 Reminder by Wolf Richter • Nov 12, 2023 • 50 Comments Your support is key to keeping WOLF STREET free and open to all.
Could it Be the Fed’s Mega-QE Created so Much Liquidity that Tightening Doesn’t Work until this Excess Gets Burned Up? by Wolf Richter • Nov 10, 2023 • 400 Comments Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.
Biggest IPO Stocks of 2023 Turn Ugly, Some Dropped over 40% from Peak Already by Wolf Richter • Nov 9, 2023 • 62 Comments And now the IPO window is shut again. The biggest nine IPOs of 2023.
Credit Cards, the Biggest Payment Method: Balances, Burden, Delinquencies, Available Credit: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 9, 2023 • 132 Comments Only 2% of credit card users are delinquent, according to new data from the New York Fed; 98% are current.
Overindebted Out-of-Cash Sleep Number Blames Consumers for Results of Years of Mismanagement. Shares Collapsed 92% from Peak Consensual Hallucination by Wolf Richter • Nov 8, 2023 • 125 Comments This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
Auto Loan Balances, Interest Rates, Subprime Delinquencies, Cash Buyers, Tight Credit: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 8, 2023 • 68 Comments Those who can, pay cash to avoid the interest rates. Subprime credit tightens substantially.
Mortgage & HELOC Balances, Delinquencies, Foreclosures: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 7, 2023 • 101 Comments Where’s the hangover from the party?
WeWork Finally Files for Bankruptcy two Years after Going Public via SPAC. Office Landlords, CMBS Holders Face the Music, Stockholders Wiped Out by Wolf Richter • Nov 7, 2023 • 94 Comments Spent its entire life burning $13.8 billion of investor cash. Landlords got free manna from heaven and can’t complain. A good scheme while it lasted for everyone but investors.
