THE WOLF STREET REPORT: Revenge of Variable-Rate Commercial Debts by Wolf Richter • Jun 24, 2023 • 160 Comments Most people in finance today cut their teeth in the era of Easy Money, when history books were thrown out the window.
Core CPI in Japan Worst since 1981. Food Inflation Worst since 1976. But Energy Prices Plunge by Wolf Richter • Jun 23, 2023 • 86 Comments BOJ’s Ueda promises to fuel inflation further, hopes for wage growth. Strategy: let raging inflation bring Japan’s debt-to-GDP ratio back in line.
How Can a Company Lose $3.3 Billion on $402 Million in Sales? Cannabis Companies Show How as Shares Get Wiped Out by Wolf Richter • Jun 22, 2023 • 131 Comments It just never ends with these hype-and-hoopla stocks. And when one wave finally dies, there’s something new. This stuff is just hilarious.
Home Prices Drop Year-over-Year by Most since 2011, as Investors Pull Back, amid Dismal Sales and Rising Supply by Wolf Richter • Jun 22, 2023 • 206 Comments June (next month’s data) will be the final leg of spring selling season. Then things skid downhill till early 2024.
Inflation Shocker in the UK: Core CPI Spikes to 30-Year High, Driven by Spike in Services, even as Motor Fuel Prices Plunge by Wolf Richter • Jun 21, 2023 • 137 Comments Bond yields jump as they begin to price in more BOE rate hikes, and higher for longer than previously imagined.
Not a Recession Scenario: Multifamily Construction Starts Spike to Highest since 1986, Single-Family Starts Bounce by Wolf Richter • Jun 20, 2023 • 204 Comments Another sign the economy is flying a cruising altitude and refuses to land, even with short-term interest rates over 5%.
Why a “Pause” Points to Higher for Much Longer. CRE Blowups & Banks. CRE & the Housing Market. What’s the Deal with Inflation? And of course, New & Used Cars by Wolf Richter • Jun 19, 2023 • 129 Comments Wolf Richter on This Week in Money.
US National Debt Hits $32 Trillion, up $572 billion since Debt Ceiling Suspended. TGA Starts Refilling, Drains Liquidity from Markets by Wolf Richter • Jun 17, 2023 • 269 Comments Debt doesn’t matter. Until it does. And now it does.
The Four Monster Service Sectors whose Sales Dominate the US Economy by Wolf Richter • Jun 16, 2023 • 166 Comments Their huge sales, dizzying growth rates, and high pay-scales move the needle.
Dropping Prices of Goods Hit Retail Sales (Inflation Shifted to Services, Which Retailers Don’t Sell). Charts by Retail Category by Wolf Richter • Jun 15, 2023 • 56 Comments But ecommerce sales continue to soar, despite price drops.
