The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington by Wolf Richter • Dec 28, 2021 • 196 Comments The raging mania slows. But it’s still a raging mania.
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update by Wolf Richter • Dec 27, 2021 • 281 Comments Billionaires got more billions, bottom half of Americans got peanuts and inflation.
The Problem With Ponzis… by Kuppy • Dec 26, 2021 • 211 Comments The stock market’s whole Ponzi Sector is melting down – just look at the ARK Innovation ETF, a well-curated basket of the largest listed Ponzi Schemes.
Inventories of New Houses for Sale Highest since 2008, Worst Spike in Construction Costs in at Least 50 Years: What the Heck Is Going On? by Wolf Richter • Dec 26, 2021 • 160 Comments A look at massive distortions and massive supply in the pipeline.
Glorious Effects of Money-Printing Bail Out Manhattan Luxury Housing Market in 2021, after it Fell on Hard Times by Wolf Richter • Dec 24, 2021 • 114 Comments “Perhaps the biggest pandemic trend was this: The rich got richer — and they also bought bigger”: Olshan Realty.
Oops, Americans’ Big Pay Increases Got Run Over by Even Bigger Price Increases by Wolf Richter • Dec 23, 2021 • 211 Comments Thank you, hallelujah, for the extra money, finally. But where did it go?
Even Fed’s Lowest Lowball Inflation Measure Spikes Relentlessly: Parallel Isn’t 1982, but 1974, When Powell was in College by Wolf Richter • Dec 23, 2021 • 172 Comments But even the comparison to 1974 fails because back then, the Fed had already pushed short-term rates to 9%. Today: most reckless Fed ever.
End of Easy Money: Global Tightening in Full Swing, While the Fed Promises to Wake Up in Time Next Year by Wolf Richter • Dec 22, 2021 • 213 Comments Central banks jacked up rates to catch up with run-away inflation, but most fell further behind; only Russia caught up. The Fed didn’t even try.
Hot Air Comes Out of Condo Prices, But Not House Prices: Existing Home Sales Update by Wolf Richter • Dec 22, 2021 • 144 Comments Total sales down from a year ago for the 4th month in a row.
Brick-and-Mortar Meltdown Manhattan Style, Year 6: Have Retail-Shop Rents Collapsed Enough Yet? by Wolf Richter • Dec 21, 2021 • 105 Comments In a number of shopping corridors, asking rents collapsed by 50% to 73%, amid a slew of vacant stores. But in one corridor, rents jumped.
