Average Transaction Price for New Vehicles Hits Record $45,844 in June, as Consumer Still Pay No-Matter-What, amid Inventory Shortages, Record Per-Unit Gross Profits at Dealers by Wolf Richter • Jun 26, 2022 • 229 Comments And despite the surge in interest rates for auto loans.
“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere by Wolf Richter • Jun 24, 2022 • 286 Comments “Why the current tightening cycle is unlike anything we’ve observed in the past.”
False Hopes of Peak CPI Inflation: Prices of Services, Housing, Food, Fuel Spike. Dollar’s Purchasing Power Goes WHOOSH. by Wolf Richter • Jun 10, 2022 • 394 Comments The Fed is going to have a field day with its rate hikes.
Gasoline Spikes to Nearly $5 US Average, Diesel to $5.70. Crude Oil WTI Jumps to $119. Inflation Not in the Mood of Peaking Yet by Wolf Richter • Jun 6, 2022 • 207 Comments San Francisco regular hit $6.34 on average; at Wolf’s gas station from heck, it hit $6.79, premium at $7.00.
These Jobs Reports Are Not Good for Stocks by Wolf Richter • Jun 3, 2022 • 160 Comments And the Fed can see the budding Wage-Price Spiral too.
Time to Put Down the Shovel? So Far this Year, We’ve Dropped Three Projects due to Breathtaking Construction Cost Estimates by John McNellis • May 28, 2022 • 117 Comments His number came in 100% more than the cost of our last store, and the deal no longer penciled out.
Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season by Wolf Richter • May 26, 2022 • 139 Comments I see gasoline prices rising further despite this modest short-term & long-term demand destruction.
US Natural Gas Futures Spiked to Highest since 2008, Tripled in a Year: Why We Kissed that Dirt-Cheap Natural Gas Goodbye by Wolf Richter • May 25, 2022 • 151 Comments The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.
That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365 by Wolf Richter • May 21, 2022 • 135 Comments Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.
Inflation Comes to Japan, amid Plunging Yen, Inflation Subsidies. Bank of Japan Blows it Off as “Transitory,” Throws Yen under Bus by Wolf Richter • May 20, 2022 • 141 Comments The Japanese people are not amused.
