“Bond Market Rout” in the UK (like in the US) Only Pushes the 10-Year Yield into Low End of Old Normal after Many Years of Interest Rate Repression by Wolf Richter • Jan 9, 2025 • 126 Comments A normal cost of capital is a form of much-needed discipline for governments and investors, after years of free money turned their brains to mush.
Why Used-Vehicle Prices May Put Upward Pressure on CPI, after Having Been a Powerful Contributor to Cooling Inflation by Wolf Richter • Jan 8, 2025 • 63 Comments The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand.
Labor Market Dynamics Retighten, Job Openings Jump Again. Fed Faces Scenario of Solid Job Market, Re-accelerating Inflation by Wolf Richter • Jan 7, 2025 • 113 Comments In light of this scenario, the Fed has been backpedaling on rate-cut expectations for two months.
Bank of Japan Balance Sheet: QT Takes Off, Assets Drop to Lowest in 15 Months by Wolf Richter • Jan 7, 2025 • 36 Comments Too little too late to help the yen that got mauled by 10 years of rampant QE.
Status of US Dollar as Global Reserve Currency: USD Share Hits 30-Year Low as Central Banks Pile on Other Currencies & Gold by Wolf Richter • Jan 5, 2025 • 109 Comments If the rate of decline over the past 10 years continues, the dollar’s share will sink below 50% by 2034.
Ugly Charts of US Auto Sales, 2024: Stellantis Spirals into Catastrophe, GM, Toyota, Ford, Honda Rise but far Below Peaks. Hyundai-Kia Sets Record. EV Sales +10% despite Tesla’s Dip by Wolf Richter • Jan 3, 2025 • 249 Comments New Vehicle sales rise but still below 1986. GM, Ford, Hyundai-Kia book huge EV-sales gains.
Fed Balance Sheet QT: -$43 Billion in December, -$2.11 Trillion from Peak, to $6.85 Trillion. Bank-Panic BTFP Nearly Gone by Wolf Richter • Jan 2, 2025 • 79 Comments Quantitative Tightening shed 44% of Pandemic-QE assets. Fed’s share of the ballooning US national debt dropped to the lowest since 2019.
What Should Tesla’s Stock Be Worth? Automaker, Stagnating Vehicle Sales like GM & Ford, Getting Overtaken by Competitors, Losing Share in the Booming EV Market? by Wolf Richter • Jan 2, 2025 • 145 Comments Tesla is now just another mid-size automaker amid EV competition that is eating its lunch.
Global Stocks over the Long Term: the S&P 500, the Big Standout vs the Markets of Japan, China, Hong Kong, India, UK, France, Germany, Italy, Spain, and Canada by Wolf Richter • Jan 1, 2025 • 53 Comments And how the decline of the yen and rupee impacted USD investors in Japanese & Indian stocks.
Office CMBS Delinquency Rate Spikes to a Record 11%, Blowing by the Financial Crisis Peak by Wolf Richter • Dec 31, 2024 • 146 Comments The office-debt meltdown keeps getting worse. The motto in 2024 was “Survive till 2025” via extend-and-pretend. But now what?
