Office CMBS Delinquency Rate Spikes to Record 12.3%, Much Worse than Financial Crisis Meltdown Peak by Wolf Richter • Feb 3, 2026 • 54 Comments Spike of defaults in January was triggered by two Manhattan office towers; one of them is heading to a foreclosure sale.
Figma, IPO Hotshot AI-Powered Design Software Firm, Joins Our Imploded Stocks by Wolf Richter • Feb 2, 2026 • 47 Comments After riding up the AI-hype mania for two days.
Miles Driven Hit Record in 2025, beating 2019, amid Lethargic RTO, Mass Transit Blues, but a Jump in Population by Wolf Richter • Feb 2, 2026 • 56 Comments Since 2019, miles driven rose by 1.9%, the population by 3.6%, and miles driven per person fell.
US Government Sold $766 Billion of Treasuries this Week. Yield Curve Steepened as 30-Year Treasury Yield Rose to 4.87% by Wolf Richter • Jan 31, 2026 • 117 Comments The spread between the 2-year and 10-year Treasury yields now the widest since January 2022.
Markets’ Reaction to Warsh: Silver Collapses, Gold Plunges, Dollar Jumps, Treasuries Yawn, Stocks Drop, already Battered Cryptos Sink by Wolf Richter • Jan 30, 2026 • 217 Comments Pulling the rug out from under the “debasement trade.”
Producer Price Index Jumps on Disconcerting Spike in Services PPI. Food & Energy Prices Fall by Wolf Richter • Jan 30, 2026 • 20 Comments Core goods prices rise as companies distribute the tariffs amongst each other.
California’s Population Declines Again, -200,000 since 2020: Relief for “Housing Shortage” as Homes Keep Getting Built by Wolf Richter • Jan 29, 2026 • 118 Comments Home prices in California are down 2% year-over-year and roughly unchanged since July 2022.
Unemployment Insurance Drops to Lowest since Sept. 2024, Layoffs Are Low, Show No Signs of Weak Labor Market by Wolf Richter • Jan 29, 2026 • 25 Comments Despite corporate announcements of global layoffs, including of remote workers (while hiring through the other door).
Fed Refuses to Cut, Shifts Hawkish in the Statement, with Two Dissenters by Wolf Richter • Jan 28, 2026 • 146 Comments “Everything comes in suggesting that this year starts off on a solid footing for growth”: Powell in the press conference.
Population Growth Slows to Crawl, Net Migration May Turn “Negative”: Census Bureau’s New Population Estimates by Wolf Richter • Jan 27, 2026 • 150 Comments Hugely important for housing, employment, and consumer spending.
