Flush with Free Money, Americans Spent Heroic Amounts, but Inflation Ate it Up by Wolf Richter • Aug 28, 2021 • 151 Comments Pay More, Get Less. Spending on durable goods after inflation down 10% from historic spike. But services surged, pointing to next source of inflation.
Supreme Court Sacks CDC Eviction Ban by Wolf Richter • Aug 27, 2021 • 236 Comments The extra $300 a week in federal unemployment benefits, on top of state UI, were designed to give people enough money to pay rent.
The Most Monstrously Overstimulated Economy & Markets Ever by Wolf Richter • Aug 25, 2021 • 160 Comments The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
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.
