Single-Family Construction Starts Plunge as Homebuilders Drown in Inventory. But Multifamily Construction at 36-Year High by Wolf Richter • Nov 17, 2022 • 122 Comments Housing construction has split in two.
Era of Stimulus-Distorted Consumer Credit Ends: Auto Loans, Delinquencies, Prime & Subprime by Wolf Richter • Nov 17, 2022 • 93 Comments Auto-loan balances surge on sky-high prices, despite sales plunge. Delinquencies rise to pre-pandemic lows, subprime delinquencies return to 2016-2019 levels.
No Landing Yet, Soft or Otherwise? Retail Sales Hit it out of the Ballpark, But Not All Retailers: By Retailer Category by Wolf Richter • Nov 16, 2022 • 126 Comments Restaurants and ecommerce in particular. But people are not flocking back to department stores suddenly, that was a myth.
Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 16, 2022 • 109 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
Credit Card Balances, Burden, Delinquencies & Collections in Q3: Consumers Still in Great Shape with their Cards by Wolf Richter • Nov 15, 2022 • 111 Comments Credit cards mostly a payment method, paid off monthly. Importance for borrowing declined over the years.
Five-Digit Layoffs Are Here, the Big Ones We’ve Been Waiting for. But the Laid-Off People Are Scattered around the Globe by Wolf Richter • Nov 15, 2022 • 172 Comments Other companies are licking their chops at finally being able to hire tech workers.
Inflation Expectations Throw a Curveball by Wolf Richter • Nov 14, 2022 • 148 Comments This inflation continues to dish up surprises.
THE WOLF STREET REPORT: Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 13, 2022 • 208 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
Services Inflation Spiked to Second Highest in 4 Decades, Would Have Spiked to Highest, If Not Slowed by Biggest-Ever Mega-Adjustment of Health Insurance CPI by Wolf Richter • Nov 10, 2022 • 180 Comments But there won’t be an adjustment for the Fed-favored “core PCE” price index that will come out before the next Fed meeting.
Cryptos Plunge, Contagion Sweeps Across DeFi: Trying to Go to Heaven Together, End Up Going to Heck Together? by Wolf Richter • Nov 9, 2022 • 228 Comments Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
