A look at per-worker personal income, what’s left of it after inflation.
Looks like the start of a U-Turn on inflation. 2-year & 10-year yields jump.
When trucks are advertised at $10,000 over MSRP, what does MSRP even mean? Now throwing shade on my fancy-schmancy proprietary index.
Money-printing hits home. Charts by retailer category.
And much more. Wolf Richter on This Week in Money.
Fed still printing money & repressing “real” interest rates to -6%, new vehicle prices spike by most since 1975, housing CPI jumps, food & energy soar.
Massive price increases now building up in the pipeline.
Inflation expectations are now totally unanchored.
Powered by the inflationary mindset, consumers pay whatever, and dealers aggressively bid up prices, confident that consumers will pay whatever.
Automakers and dealers make enormous record per-vehicle gross profits amid inventory shortages in the craziest market ever.