Big Drop in Home Sales, Surging Mortgage Rates, Tight Supply: The New Dynamics Shaping Up by Wolf Richter • Jan 20, 2022 • 216 Comments But wait… Supply suddenly burst from the woodwork when mortgage rates surged before the Housing Bust. And for a reason.
Most Splendid Housing Bubbles in Canada: Mad Scramble to Lock in Rising Mortgage Rates as Bank of Canada Is Set to Tighten by Wolf Richter • Jan 19, 2022 • 149 Comments QE ended months ago and interest rates are rising. Home prices fell in three markets, but spiked in others.
Russell 2000 Drops Below Year Ago Level. Collapse of IPOs, SPACs, Housing “Tech” Stocks, ARKK, etc. Progresses by Wolf Richter • Jan 18, 2022 • 203 Comments The most-hyped stocks are collapsing, some by 90%, such as EV SPACs, as the sordid underbelly of the stock market comes systematically unglued.
The New Version of CPI for New Vehicles Will Blow Your Doors Off: Spikes Even More. WHOOSH! by Wolf Richter • Jan 18, 2022 • 92 Comments The BLS finally changed one of my pet peeves in the CPI. But the “hedonic quality adjustments” will continue until the mood improves.
Empty Shelf at a Grocery Store Near You? Tight Inventories, Labor Shortages, Supply Chain Snags, Strong Sales, Soaring Costs by Wolf Richter • Jan 17, 2022 • 258 Comments It shows how brittle the system has become in face of every new challenge.
A Factor in the Bizarre “Great Resignation” & “Labor Shortage” Phenomenon: The Huge Surge of Americans Starting Businesses by Wolf Richter • Jan 16, 2022 • 140 Comments Another testimony of the massive changes in society and the economy. But losing some of the enormous steam.
The Fed’s Huge Income Statement for 2021 Is Out: Where its Revenues Came from and Where They Went by Wolf Richter • Jan 15, 2022 • 160 Comments “Net income” is a bizarre term for an organization that buys trillions of dollars of securities with money that it itself created.
Oh My, the American Consumer amid the Distortions and Price Spikes of Our Time by Wolf Richter • Jan 14, 2022 • 131 Comments “Not seasonally adjusted” retail sales spiked to a record. “Seasonally adjusted” retail sales fell. Both: +16.9% from year ago. What the heck is going on?
Time to Revisit that Crazy Lumber Price Spike that Died and Came Back to Life by Wolf Richter • Jan 13, 2022 • 142 Comments The spike was thought to be buried and relegated to history. Turns out, it was an undead spike that’s now roaming the land again, wreaking havoc
Shipping Expenses in the US Go Through the Roof by Wolf Richter • Jan 13, 2022 • 101 Comments Amid transportation chaos & delays, high demand, soaring diesel prices, and labor shortages.
