My Favorite Recession Indicator: No Recession in Sight Yet by Wolf Richter • Oct 19, 2023 • 129 Comments There will be a recession someday, there’s always one eventually. But not yet.
30-Year Treasury Yield Spikes past 5%, 30-year mortgage rates hit 8%, Mortgage Applications Plunge by Wolf Richter • Oct 18, 2023 • 231 Comments Bond Bloodbath, Housing Market in Deep-Freeze, as delusions fade.
“Rent” Inflation in Canada Spikes to Highest since 1983, amid Spike in Population. Homeownership CPI Remains Red-Hot by Wolf Richter • Oct 18, 2023 • 76 Comments Prices eased in other categories.
Our Drunken Sailors Now Guzzling Directly from Punch Bowl: Powell, You Looking? Splurging Online, at Restaurants & Auto Dealers. YOLO by Wolf Richter • Oct 17, 2023 • 148 Comments Consumers still on a buying binge at retailers, fired up by big income increases that this year outran goods-inflation by a wide margin.
End of Free Money Plunges German Construction Industry into Crisis by Wolf Richter • Oct 16, 2023 • 122 Comments A black swan of sorts no one was ready for: Negative interest rates turned positive, and all heck broke loose in the property development sector.
The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further by Wolf Richter • Oct 14, 2023 • 162 Comments The Home Price Benchmark Index is down 14% from peak in March 2022, Toronto down 15%, after wild and woolly sucker rally over the spring.
Acceleration of Inflation Continues, Core Services Inflation Spikes despite the Massive Health-Insurance Adjustment by Wolf Richter • Oct 12, 2023 • 266 Comments This was the last of 12 health insurance adjustments that pushed down core CPI and core services CPI; it will swing the other way next month.
Social Security COLA for 2024 Will Be Meager 3.2%, Likely to Be Outrun by Inflation by Wolf Richter • Oct 12, 2023 • 147 Comments Cost-of-Living Adjustment for 2024 plunges from 2023 mega-COLA, which outran inflation by a wide margin. This one will fall behind inflation.
EV SPAC VinFast Collapses 92% in 31 Trading Days, $213 Billion in Fake Market Cap Evaporated in Hilarious Manner by Wolf Richter • Oct 10, 2023 • 135 Comments Obviously, this kind of idiocy should never happen in a healthy stock market. But it has happened a lot.
Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars by Wolf Richter • Oct 9, 2023 • 260 Comments Or why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive.
