The Monstrous Flow of Free Money and the Shortages by Wolf Richter • Sep 2, 2021 • 142 Comments Free money destroyed the pricing mechanism, and demand has soared despite much higher prices.
THE WOLF STREET REPORT: Free Money and the Shortages by Wolf Richter • Aug 29, 2021 • 151 Comments Enough consumers, flush with free money, suddenly eager to pay those high prices, particularly for big-ticket items they didn’t have to buy. Magic Mix.
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.
Powell Uses 1970s Inflation Spiral to Show How “Temporary” Becomes Persistent, as Fed’s Lowball Inflation Measure “Core PCE” Jumps Most since 1991 by Wolf Richter • Aug 27, 2021 • 101 Comments His “taper” discussion — tapering starts this year — got all the attention, but his focus was on inflation.
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.
What’s Behind this Messed-Up Bond Market? by Wolf Richter • Aug 18, 2021 • 133 Comments The Fed. And then the Fed steps away.
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.
THE WOLF STREET REPORT: What’s Behind this Messed-Up Bond Market? by Wolf Richter • Aug 15, 2021 • 141 Comments The total focus on the Fed. And then the Fed steps away.
Container Port Chaos in China, Soaring Freight Rates, Spiking US Producer Prices, as Fiscal & Monetary Stimulus Still Rage by Wolf Richter • Aug 12, 2021 • 146 Comments Some disruptions are “transitory,” but the spiral that the mix of ongoing over-stimulation has set off is anything but “transitory.”