Wolf Richter

Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More”

by Wolf Richter • Jun 14, 2023 • 225 Comments

Core inflation “has not really moved down. It has not reacted much to our rate hikes. We’re going to have to keep at it.”

In a Very “Hawkish Skip,” the Fed Keeps Rates at 5.25% Top of Range, But Sees Two More Rate Hikes this Year. QT Continues

by Wolf Richter • Jun 14, 2023 • 167 Comments

“… to assess additional information and its implications for monetary policy.”

For 7 Months, “Core” CPI Hasn’t Improved at All, Stuck at 2.5x Fed Target. Services CPI Accelerates, Rents Not Playing Along, Used Vehicle CPI Spikes. But Energy Plunged

by Wolf Richter • Jun 13, 2023 • 140 Comments

Powell has been talking about this. Energy cannot plunge forever.

Westfield Walks from Mall in San Francisco, after Walking from 2 Malls in Florida & others. Screws CMBS Holders, Said in 2021 it’ll Dump All Malls, but Suddenly Blames San Francisco?

by Wolf Richter • Jun 13, 2023 • 159 Comments

Default rate of mall CMBS rose to 7%. Simon Property Group, largest mall landlord, walked from malls for years. Tens of thousands of stores closed. Ecommerce is killing them one by one, not San Francisco.

I’ve Had it with Stupid Stuff about Hotels in San Francisco: Park Hotels & Wall Street Screwed Shareholders, Bond-Fund Holders, and Pension Funds, but Blame San Francisco?

by Wolf Richter • Jun 12, 2023 • 127 Comments

The clueless WSJ reporter needs to be taken to the woodshed. That kind of BS article doesn’t belong in the WSJ.

5% Interest Income from CDs, T-Bills, Money Markets Fueled Spending. Higher Borrowing Costs Cut Spending. And on Net?

by Wolf Richter • Jun 10, 2023 • 228 Comments

Interest income is a big number that got a lot bigger, and people are spending some of it.

Commercial Real Estate Woes in the Stock Market: Office REITS

by Wolf Richter • Jun 9, 2023 • 113 Comments

But the dividends are so sweet – until they get cut or “suspended.”

“Generative AI” Wants to Write for WOLF STREET. A Gazillion Websites Got the Same Offer, Including WhiteHouse.gov?

by Wolf Richter • Jun 8, 2023 • 258 Comments

Humans are pushing AI into everything because it’s cheaper than humans. But I have an edge: I put my soul into my writing, a human communicating with humans.

Global Steel Production in 2022 Fell Most since 2009, Unwound Stimulus Spike of 2021. China’s Production Fell for 2nd Year

by Wolf Richter • Jun 8, 2023 • 41 Comments

China still produced more than the rest of the world combined, 12 times more than the US.

The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010

by Wolf Richter • Jun 7, 2023 • 136 Comments

A cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors.

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