Wolf Richter

The Most Splendid Housing Bubbles in America, July Update: 3rd Year-over-Year Price Drop in a Row. Monthly Increases Are “Just Seasonal”: Robert Shiller

by Wolf Richter • Jul 25, 2023 • 120 Comments

Home price rise since 2012 “may be coming to an end”: Shiller. Biggest YoY drops: Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Denver, Dallas.

Companies See “Sticky” Inflation in July in Services, as they Pass on Surging Input Costs, Including Higher Wages

by Wolf Richter • Jul 24, 2023 • 124 Comments

Inflation in goods has abated, but it remains hot in services: US companies.

What the USD’s Decline as Global Reserve Currency Means for the US. What’s the Chance of a Recession? Will Interest Rates Hit Real Estate? What’s Going on with New & Used Vehicles?

by Wolf Richter • Jul 23, 2023 • 89 Comments

Wolf Richter on “This Week in Money.”

Entire Housing Market, Buyers and Sellers, May Have Shrunk by 20% to 25% because of the 3% Mortgages

by Wolf Richter • Jul 21, 2023 • 417 Comments

They’re not listing their homes because they’re not moving out because they’re not buying a home to move into because they don’t want to give up their 3% gift from God.

Housing Market Faces Reckoning: Price of Used Houses now the Same as Price of New Houses

by Wolf Richter • Jul 20, 2023 • 299 Comments

Sales of used houses are dismal, even as supply & days on the market rise. Homeowners await inspiration. Homebuilders got the memo.

After 2 Months of Relentless “Core CPI Has Peaked” in Euroland, Services CPI Spikes to Record, Core CPI Worsens

by Wolf Richter • Jul 19, 2023 • 118 Comments

All eyes are now on underlying inflation. Forget the collapsing energy prices that pushed down overall CPI.

Time to Look at Foreign Demand for the Incredibly Ballooning US National Debt

by Wolf Richter • Jul 19, 2023 • 92 Comments

As China unloaded Treasury securities and Japan propped up the yen, other countries loaded up.

Our Drunken Sailors Are Still at it, Splurging Online, Buying Cars, Eating Out

by Wolf Richter • Jul 18, 2023 • 146 Comments

But the 26% plunge in gasoline prices hit gas stations. The pandemic home-remodeling & furnishing boom is over. Ecommerce keeps killing department stores.

I Love how Tesla Wreaks Havoc: Ford Slashes Prices of Electric Pickup Trucks, after 3 Big-Fat Price Hikes. Let the Price Cutting Continue

by Wolf Richter • Jul 17, 2023 • 170 Comments

Americans got battered for years by huge price hikes, especially on trucks, amid oligopolistic pricing behavior by legacy automakers.

US Dollar’s Status as Global Reserve Currency on Slow Long-Term Decline, but Not Going Down in a Straight Line

by Wolf Richter • Jul 15, 2023 • 222 Comments

An important thing to keep our eyes on these days.

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