ECB’s Balance Sheet Plunges by €492 billion in One Week and by €850 Billion from Peak by Wolf Richter • Dec 28, 2022 • 86 Comments Monetary Rug-Pull? December dump in the markets anything to do with global QT?
Natural Gas Futures in Europe Plunge 77% from Crazy Spike by Wolf Richter • Dec 28, 2022 • 92 Comments Record supply of LNG from the US and other sources. Record supply from Norway via pipeline. Conservation, power production shift… It adds up.
The Most Splendid Housing Bubbles in America, December Update: Now Dallas, Las Vegas, Phoenix Plunge Fastest. San Francisco, Seattle, San Diego Down Most from Peak by Wolf Richter • Dec 27, 2022 • 209 Comments No dear, this is not seasonal.
The Most Astounding IPO Hype-and-Hoopla Show Ever Ends 2022 in Tears by Wolf Richter • Dec 26, 2022 • 87 Comments “The value of discipline is currently at an all-time high,” after years when the value of consensual hallucination was at an all-time high.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
My Thoughts on Vehicle Repos, How Far the Fed May Go, our Housing Bust in San Francisco, and Crypto Bust v. Dotcom Bust by Wolf Richter • Dec 25, 2022 • 38 Comments Wolf Richter on “This Week in Money.”
Tesla Joins my Imploded Stocks, -70% from Peak: Object of Religious Veneration Turns into Automaker by Wolf Richter • Dec 24, 2022 • 267 Comments Beyond the consensual hallucination, the real world for automakers is not fun.
Consumer Spending on Services Blows Past Inflation, Fuels Services Inflation Further. Spending on Goods Fizzles by Wolf Richter • Dec 23, 2022 • 61 Comments Inflation isn’t going to just vanish: 62% of consumer spending went to services where demand is growing and where inflation is raging.
PCE Price Index for Services Doesn’t Let Up. Goods Inflation Improves. Why Powell Is Frustrated with Inflation in Services by Wolf Richter • Dec 23, 2022 • 61 Comments Services inflation rages, but the durable-goods PCE price index had biggest month-to-month drop in years: yardstick for the Fed’s inflation target.
How Strung-Out Are Households with their Debt Service & Financial Obligations as the Miracle of Free-Money Fades? by Wolf Richter • Dec 22, 2022 • 138 Comments Looks like households have lots of fuel left to throw on inflation, if they’re in the mood.
