Inventory of Existing Homes in Texas Balloons to Highest in Many Years, Prices Drift Lower but Are Still Way Too High by Wolf Richter • Nov 5, 2024 • 13 Comments Inventories are piling up because prices are too high. But they’re coming down.
Social Security Update Fiscal 2024: Trust Fund, Income, Outgo, and Deficit by Wolf Richter • Nov 4, 2024 • 96 Comments Contributions rose by 5.6%, but benefit payments rose by 8.5%. The Trust Fund paid for the deficit, so its balance declined further, to $2.6 trillion.
Office CMBS Delinquency Rate Spikes to 9.4%, Highest Since Worst Months after the Financial Crisis by Wolf Richter • Nov 4, 2024 • 96 Comments “Survive till 2025” is the motto in CRE now, but that might not work either.
Buffett T-bills & Chills: Piled up T-bills, Ditched Stocks, Bonds, and Share Buybacks in Q3 by Wolf Richter • Nov 2, 2024 • 99 Comments Oracle of Omaha will sit on lots of dry powder when the S hits the fan and there will finally be some stocks worth buying.
Fed’s ON RRPs Plunge to $155 Billion as QT Drains Liquidity, Nothing Blown Up Yet. SOFR & TGCR Spreads Begin to Move by Wolf Richter • Nov 1, 2024 • 61 Comments “Such temporary rate pressures can be price signals” that help markets redistribute liquidity to where it’s needed most: Fed’s Logan.
Hurricanes Helene & Milton and the Boeing Strike Make Mess of Jobs Report. And Wages Surge by Wolf Richter • Nov 1, 2024 • 30 Comments Upon the data’s implications for inflation, the bond market puckered its lips: 10-year Treasury yield jumped to 4.35%, highest since early July.
Dear Readers, Please Donate to WOLF STREET: Fall 2024 Reminder by Wolf Richter • Oct 31, 2024 • 32 Comments Thanks to your generous support, WOLF STREET is free and open to all, and not behind a paywall.
Super Micro Computer Becomes the First AI-Mania Highflyer in our Imploded Stocks by Wolf Richter • Oct 31, 2024 • 57 Comments -42% in two days, -76% from peak-AI-mania in March 2024. There is some dark humor in those kinds of charts.
Inflation Doesn’t Want to Cooperate: PCE Price Indices for Core, Core Services, and Durable Goods Worsen Further MoM by Wolf Richter • Oct 31, 2024 • 60 Comments The YoY “core” PCE price index, the Fed’s yardstick for its 2% target, rose 2.65%, with no progress over the past 5 months. But energy prices plunged.
Our Drunken Sailors Splurge in Q3, Phenomenally so on Durable Goods, Drive GDP Growth. But Debt-to-GDP Ratio Worsens by Wolf Richter • Oct 30, 2024 • 120 Comments Jump in government spending also boosted GDP growth. But surging Imports, falling residential fixed investments, and inventories dragged.
