THE WOLF STREET REPORT: The Most Monstrously Overstimulated Economy & Markets Ever by Wolf Richter • Aug 22, 2021 • 153 Comments The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
Surging Prices, Fading Stimulus, and Shift to Services: Americans Dent Historic Spike in Retail Sales by Wolf Richter • Aug 17, 2021 • 120 Comments At cannabis shops, restaurants, and gas stations, sales hit records. At auto dealers, the biggie, sales sag.
Driving in America Changed: Rural is Up, Urban Down, Mass Transit Out by Wolf Richter • Aug 13, 2021 • 119 Comments Vacationing by car instead of going overseas, working from home instead of commuting, and to heck with mass transit.
State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos by Wolf Richter • Aug 3, 2021 • 198 Comments Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
People Made Heroic Efforts to Spend. Inflation Ate Their Lunch by Wolf Richter • Jul 30, 2021 • 255 Comments The big shift from durable goods to services is underway.
People Sure Are Driving a Lot, Gasoline Consumption Hits Record, But Flying & Mass Transit Lag Way Behind by Wolf Richter • Jul 25, 2021 • 154 Comments The miracles of the new economy.
Americans Pay More to Get Less: Retail Sales Outrun by Inflation by Wolf Richter • Jul 16, 2021 • 219 Comments Welcome to Fed’s New World of Inflation.
With Stimmies Fading, Consumers Dip into Credit Cards for First Time since 2019, But Only a Little. Everyone’s Relieved by Wolf Richter • Jul 8, 2021 • 155 Comments No one wants consumers to pay off their high-interest credit cards, least of all banks, and consumers had threatened to do just that.
Anatomy of San Francisco Now: Fewer People, Jobs, Tourists, & Businesses, But More Spending by the Hangers-on (But that Was Inflation) by Wolf Richter • Jun 27, 2021 • 162 Comments The recovery as it were, after everything went to heck but didn’t.
Pay More, Get Less: Consumer Income & Spending Chewed Up by Red-Hot Inflation by Wolf Richter • Jun 25, 2021 • 184 Comments Inflation ate my homework?