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.”
Social Security COLA for 2022 Could Be Biggest since 2009 or even 1982, But Won’t Cover Cost Increases for Many Retirees by Wolf Richter • Aug 11, 2021 • 198 Comments It’s based on CPI-W for the third quarter. July came in at 6.0%.
Dollar’s Purchasing Power Plunged at Constant Speed by Wolf Richter • Aug 11, 2021 • 154 Comments Now it’s new vehicles, restaurants, energy. Game of Whac-A-Mole as some price spikes slow while others begin. But it’s a lot worse than it seems.
The State of the Small Business: Hiring Problems, Inventory Shortages, and Big Price Increases by Wolf Richter • Aug 10, 2021 • 99 Comments In the current era of Stimulus Good Times, with its huge kinks.
Senator Manchin Hammers on Powell to Back Off Money Printing, as Biggest “Inflation Momentum in 30 Years” Might Derail Democrats’ Spending Priorities by Wolf Richter • Aug 5, 2021 • 274 Comments Giving political cover to the Fed to tamp down on inflation. Which fits neatly into my theory.
Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 4, 2021 • 176 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
THE WOLF STREET REPORT: Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 1, 2021 • 183 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
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.
