US Natural Gas Production Surges to Record in 2022, up 33% from 2017. LNG Exports Hit Record despite Freeport Terminal Shutdown by Wolf Richter • Mar 3, 2023 • 63 Comments LNG exports to Europe up 150%, exports to Asia and Latin America plunge.
Fed’s Balance Sheet Drops by $626 Billion from Peak, Cumulative Operating Loss Grows to $38 billion: Update on QT by Wolf Richter • Mar 2, 2023 • 194 Comments Quantitative Tightening is starting to add up.
Inflation Dishes Up Another Nasty Surprise: Eurozone Core CPI without Energy Spikes to Record, Services CPI Spikes to Record by Wolf Richter • Mar 2, 2023 • 102 Comments What it looks like when inflation gets deeply entrenched in the broad economy, even as energy inflation backs off.
Crypto Bank Silvergate Issues “Going Concern” Warning, Says Q4 Financials with $1 Billion Loss Were Fake, Loss Was Even Bigger, Frets about “Regulatory Capital Ratios” by Wolf Richter • Mar 1, 2023 • 67 Comments It just keeps getting funnier with this crypto stuff. Shares crush dip buyers after hours.
Recent Housing Hype & Hoopla Already Fizzled: Mortgage Applications to Purchase a Home Plunged to New 28-Year Low by Wolf Richter • Mar 1, 2023 • 143 Comments The “Pending Sales Jump” (still -24% year-over-year) was like so January. This is still a frozen housing market.
The Most Splendid Housing Bubbles in America, February Update: Biggest Price Drops Now in Phoenix, Portland, Las Vegas, San Francisco, Seattle, Denver, San Diego by Wolf Richter • Feb 28, 2023 • 229 Comments Even in Miami and Tampa, prices down for 5th month in a row.
U.S. Electricity Generation by Source in 2022: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum by Wolf Richter • Feb 28, 2023 • 226 Comments A record year for power generation, after 14 Years of Stagnation.
Least Geeky Explanation Ever of Differences Between CPI and PCE Price Index which the Fed Uses as Yardstick by Wolf Richter • Feb 27, 2023 • 55 Comments OK, “least geeky ever,” I mean I don’t know that, but you get the idea. Fed governor Jefferson outlines the differences in a lecture at Harvard.
THE WOLF STREET REPORT: Housing Bust #2 Has Begun by Wolf Richter • Feb 26, 2023 • 228 Comments Some markets are already deep into it, others just started. A sobering trip from the free-money decade in la-la-land, back to normal.
People Got Used to Higher Prices and Are Outspending even Raging Inflation. They Don’t Want this Thing to Land by Wolf Richter • Feb 24, 2023 • 261 Comments Year-over-year growth in consumer spending, adjusted for inflation, outpaced pre-pandemic average. Month-over-month, growth spiked.
