Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December by Wolf Richter • Jan 8, 2024 • 136 Comments Used-Car Retail Prices have given up only 36% of their price spike so far.
Which Industries Lost Jobs, Which Gained Jobs, including Government Jobs: Longer-Term Employment Trends in Charts by Wolf Richter • Jan 7, 2024 • 70 Comments Some are hot, some are cold. And a special look at employment in oil & gas drilling and in mining.
A Jobs Report of an Economy Plugging Along Just Fine Despite 5.5% Rates & Recession Fears. But Wage Growth Heats Up by Wolf Richter • Jan 5, 2024 • 216 Comments Average hourly earnings fuel worries on the inflation front.
Fed Balance Sheet QT: -$1.28 Trillion from Peak, to $7.66 Trillion, Lowest since March 2021. Banks Got an Arbitrage Opportunity when Yields Dropped by Wolf Richter • Jan 4, 2024 • 81 Comments The Fed has shed 31% of the Treasury securities it had added during pandemic QE.
Ugly Charts of Auto Sales: GM, Toyota, Ford. Stellantis, oh my, Got Crushed by Hyundai-Kia’s Record Sales. Tesla Has Arrived by Wolf Richter • Jan 4, 2024 • 131 Comments Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume.
Job Openings by Industry: From Construction at New Highs to Information where Openings Vanished by Wolf Richter • Jan 3, 2024 • 51 Comments The vast differences between industries.
More Signs that Power in the Labor Market Has Shifted from Workers back to Employers by Wolf Richter • Jan 3, 2024 • 69 Comments People quit quitting, so fewer job openings to fill, fewer people to hire, less churn. Good for employers, not so good for workers. Layoffs & discharges dropped below Good-Times lows.
The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion by Wolf Richter • Jan 2, 2024 • 178 Comments Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress.
Tesla’s Deliveries in 2023 Jump 38% YoY, Rivian’s 146%, while Ford & GM Are Tangled Up in Anti-EV Revolts by their Dealers by Wolf Richter • Jan 2, 2024 • 114 Comments Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse.
Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues by Wolf Richter • Jan 1, 2024 • 104 Comments China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD.
