GDP Sunk by Trade Deficit Shitshow (Result of Globalization), Drop in Government Spending. Consumers Held up Despite Raging Inflation by Wolf Richter • Apr 28, 2022 • 173 Comments Inventories are slowly recovering, but remain below where they should be.
Retail Sales v. Raging Inflation, Stimulus Miracle March, and the Red-Hot Shift to Services by Wolf Richter • Apr 14, 2022 • 212 Comments It’s rough out there in multiple ways.
Homebuyer “Pessimism” Hits Bleak Record on Sky-High Prices, Spiking Mortgage Rates. Great Time to Sell, Though. Just Do It by Wolf Richter • Apr 7, 2022 • 204 Comments If it continues, “we expect to see an even greater cooling of the housing market than previously forecast”: Fannie Mae.
Mortgage Refinance Applications Are Collapsing. What’s the Impact on the Economy & Markets? by Wolf Richter • Apr 6, 2022 • 199 Comments Consumer spending and asset prices both were boosted by them.
My “Wealth Disparity Monitor” of the Fed’s Money-Printer Era: Holy Moly. April Update of the Greatest Economic Injustice in Recent History by Wolf Richter • Apr 3, 2022 • 322 Comments The wealthy got immensely wealthier. Everyone else paid for it via rampant inflation.
After Huge Spike in Prior Month, “Real” Spending by Americans Dips to Second Highest Ever. But Income Walloped by Inflation by Wolf Richter • Mar 31, 2022 • 172 Comments Spending shifts slowly back to services. But spending on goods still massively above trend, despite supply shortages.
Americans Spent Money Like Drunken Sailors, But Did They Outspend the Raging Inflation in Durable & Nondurable Goods? Um, No by Wolf Richter • Feb 16, 2022 • 165 Comments Two elephants in retail: A historic spike in prices of goods and seasonal adjustments as the Pandemic upended seasonality.
On-Time Rent Payments Sag amid Massive Spike in Rents by Wolf Richter • Feb 11, 2022 • 199 Comments I mean, who would have thought?
It Only Took $11 Trillion in Free Money plus Forbearance & Eviction Bans to Perform this Miracle on Delinquencies, Foreclosures, Third-Party Collections, and Bankruptcies by Wolf Richter • Feb 9, 2022 • 234 Comments One more reason why the Fed isn’t “trapped.” And the banks came out ahead.
Americans Borrowed More to Buy Much Less: What Happened with Auto Loans Is Truly Amazing by Wolf Richter • Feb 7, 2022 • 192 Comments Undeterred by spiking prices and shortages.
