It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back by Wolf Richter • Jun 10, 2021 • 314 Comments But it’s a lot worse than it appears.
EVs Hit 8% Share in California’s Declining New-Vehicle Market: Shaking Up Legacy Automakers by Wolf Richter • Jun 9, 2021 • 180 Comments Tesla Model Y Blows doors off US bestseller Ford F-Series. But Tesla lost share within EV space against the giants it woke up.
Will Americans, Who’ve Spurned Cheaper Cars for Decades, Buy a Lower-Priced Baby “Truck?” I Don’t Know Either by Wolf Richter • Jun 8, 2021 • 202 Comments Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
The WTF Spike of Used-Vehicle Prices Continues Unabated. So Which Part Is “Temporary?” by Wolf Richter • Jun 7, 2021 • 161 Comments This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
Car & Truck Sales Show: The Inflation Mindset Has Changed, Consumers Are Willing to Pay a Lot More, Generating not only Record Sales but also Record Gross Profits by Wolf Richter • May 27, 2021 • 183 Comments This change in the inflation mindset is likely not “temporary.”
State of the American Debt Slaves: Fed “Confounded” as They Pay Down Credit Cards, Other High-Interest Debt, and HELOCs by Wolf Richter • May 13, 2021 • 137 Comments Forbearance Effect: Serious delinquencies of mortgages & student loans plunge to record lows because delinquent loans in forbearance don’t count as delinquent.
What’s Behind the WTF Spike in Used-Vehicle Prices? My Gut Says, it Can’t Last. But if it Lasts, It’s Scary-Crazy Inflation by Wolf Richter • May 7, 2021 • 207 Comments And if it doesn’t last after the stimmies are gone, dealers will sit on massively overpriced collateral, which could get messy.
Intel & TSMC on Chip Shortage: After Blowing $84 Billion on Share Buybacks since 2011 and Now Woefully Behind, Intel Clamors for $50 Billion in Subsidies for US Chip Industry by Wolf Richter • May 3, 2021 • 292 Comments “We will not be anywhere near as focused on buybacks going forward as we have in the past”: Intel’s new CEO.
Semiconductor Shortage Bites: Ford Cuts Q2 Production by 50% by Wolf Richter • Apr 28, 2021 • 114 Comments Industry-wide issue “may not be fully resolved until 2022”
How Much Are Americans Driving and Flying Now, One Year After the WTF Collapse in Fuel Consumption? by Wolf Richter • Apr 24, 2021 • 171 Comments They’re not taking mass transit, that’s for sure.
